Sagard Real Estate (SRE) and La Caisse (formerly CDPQ) have launched its new partnership focused on an industrial outdoor storage (IOS) strategy across major U.S. infill markets, with an initial target gross asset value of C$490 million ($361 million) and the option to scale the partnership through further commitments.
This partnership between two major Québec organizations will deploy an IOS strategy focused on key U.S. seaport markets where strong tenant demand is driven by proximity to major ports, population centers and trade infrastructure. Priority markets include Southern California, greater New York City/northern New Jersey, the San Francisco Bay Area, Houston and the Baltimore/Washington, D.C., metropolitan area.
“Our partnership with Sagard enables us to create a dedicated IOS platform that strengthens our real estate portfolio construction strategy through diversification into alternative sectors,” said Rana Ghorayeb, executive vice-president and head o
