Morgan Stanley Investment Management Acquires Industrial Outdoor Storage Site In California For ~$92M

Morgan Stanley -0.22%

Morgan Stanley

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Morgan Stanley Investment Management, through investment funds managed by Morgan Stanley Real Estate Investing (MSREI), announced today the acquisition of an industrial outdoor storage (IOS) facility located in Southern California for approximately $92 million. The property is subject to a long-term absolute triple net lease with Oldcastle Infrastructure, a subsidiary of CRH plc, the world's largest building materials company.

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