Quilvest Capital Partners and Axis IOS launch $500m JV for IOS strategy, complete first acquisition

Quilvest Capital Partners and Axis IOS, a real estate investment platform headquartered in Atlanta, have launched a joint venture to acquire and operate an approximately $500 million portfolio of industrial outdoor storage (IOS) properties across the United States.

The IOS sector in the United States presents a compelling market opportunity, driven by long-term trends including onshoring of manufacturing, the rise of ecommerce, infrastructure investment, as well as the shrinking supply of outdoor storage caused by a boom in warehouse construction. IOS represents a critical link in the industrial and logistics supply chain, benefiting from demand by a diverse set of industries and users across the transportation, logistics and construction sectors as users seek ways of mitigating supply chain disruption and cost pressures, changes in manufacturing and distribution operating models and shifting consumer behavior.

The joint venture’s IOS strategy will be to aggregate an