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Outour Storage Investments and affiliates of Cerberus Capital Management have secured a first mortgage loan for a 2.3 million-square-foot portfolio of eight industrial outdoor storage facilities spread throughout seven metropolitan areas. Franklin Templeton’s Clarion Partners Real Estate Income Fund issued the loan. Eastdil Secured brokered the deal.

Spanning more than 50 acres, the collection is scattered throughout metro Chicago, Phoenix, Las Vegas, Houston, the Inland Empire, Dallas-Fort Worth and Atlanta. Featuring high-end specifications, the portfolio has a roster of national and regional credit tenants, Clarion Partners Portfolio Manager Brent Jenkins said in prepared remarks.