Town Lane, a real estate investment management firm, today announced the acquisition of a 23-property industrial outdoor storage ("IOS") portfolio and the launch of a platform venture with Axis Partners, an Atlanta-based industrial owner and operator. The transaction includes a strategic investment by Town Lane in the Axis operating platform, aligning both firms and providing growth capital to accelerate the platform's expansion.

The portfolio comprises mission-critical, infill IOS assets that support the day-to-day operations of local, regional, and national businesses, including contractors, equipment rental companies, distributors, infrastructure providers, and service businesses, across high-growth Sunbelt markets such as Atlanta, Houston, Dallas, and Nashville. The properties occupy highly functional, difficult-to-replicate locations that serve as essential operating hubs for tenants whose businesses depend on proximity to customers and transportation networks.

Industrial outdoor storage has emerged as one of the most compelling and supply-constrained sectors within commercial real estate, benefiting from limited new supply, increasing institutional interest, and the critical role these properties play in supporting businesses. Despite strong fundamentals, the sector remains highly fragmented, presenting a compelling opportunity to build a scaled institutional platform through disciplined acquisitions, operational expertise, and long-term capital.

The partnership combines Town Lane's institutional capital and investment platform with Axis' vertically integrated operating capabilities, deep industry relationships, and proprietary technology-driven sourcing platform. Together, the firms intend to scale the platform through individual asset acquisitions, portfolio transactions, and select strategic development opportunities. While the initial portfolio is concentrated in high-growth Sunbelt markets, the partnership expects to expand into additional logistics markets where supply remains constrained and demand is supported by essential industrial and service-oriented businesses. In addition to growing the real estate portfolio, the venture will continue investing in the Axis operating platform, including acquisitions, asset management, construction management, technology, and property operations.

"The Axis team has built a differentiated sourcing and operating platform that consistently identifies mission-critical, off-market assets supporting the infrastructure behind local and regional economies," said Garret Overlock, Managing Director at Town Lane. "This partnership provides a unique opportunity to combine institutional capital with an experienced operator, and we're excited to build a market-leading platform together over the long term."