Green Courte Partners (GCP), a Chicago-based private equity real estate investment firm, has acquired a 40-acre industrial outdoor storage property at 5301 Wilbarger in Fort Worth, Texas. The seller was TH Logistics Fund I, a joint venture between Timber Hill Group, a private equity firm specializing in logistics industrial real estate, and Champion Realty Advisors of Chicago.
The company plans to operate the property as managed truck storage. The acquisition marks GCP’s entrance into the industrial outdoor storage (IOS) sector and the launch of its truck storage operating platform. GCP’s truck storage operating platform, GCP Truck Storage Management, will be led by Currey Hall, who is a founder and the former president of Vantage Truck Parking.
“Consistent with our investments in near-airport parking, land-lease communities, and senior living, we have built a fully integrated operating platform to enhance the value of our real estate and better position us for a wide range of transaction opportunities,” said Jordan Kerger, managing director at GCP.
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