Steel Peak Properties, a Southern California–based commercial real estate investment firm focused on industrial outdoor storage (IOS), has formed a new joint venture with Tarsadia Investments, a Southern California–based family office to accelerate the growth of its IOS portfolio across the Western United States. Steel Peak was founded in January 2024, having acquired 11 properties in its first two years.
The joint venture includes committed capital to acquire approximately $150 million of IOS properties in 2026 with a long-term objective to grow the joint venture portfolio to more than $500 million in assets. It will support Steel Peak’s expansion into additional strategic Western markets, with plans to move into other high-growth regions as the portfolio scales.
Steel Peak specializes in acquiring construction-oriented IOS facilities, including low-coverage industrial buildings with large, secured yards, serving construction, building materials, equipment r
