MOIR PARK CAPITAL LLC

Industrial Outdoor Storage. Before it had a name.


Moir Park Capital is a Wayzata, Minnesota-based alternative asset manager focused exclusively on industrial outdoor storage (IOS) assets across the United States. Our founder began acquiring IOS assets in 2014 — before the asset class had an institutional name — and has completed more than 120 acquisitions since.

Moir Park offers investors a strategy intended to provide current yield and low correlation to the broader commercial real estate market with a focus on capital preservation.

MOIR PARK

Who We Are

Moir Park was founded in 2017 to institutionalize a strategy its founder had been executing since 2014: acquiring the mission-critical outdoor storage sites — equipment yards, laydown space, service facilities — that traditional real estate investors overlooked. Every asset in the portfolio has been sourced, underwritten and actively managed in-house.

Our tenants are national and regional operators in equipment rental, collision repair, transportation and industrial services. We know their businesses from the inside — our founder spent nearly four years on the board of one of the country's largest equipment rental companies — and we underwrite the business the building serves, not just the building.

More Than a Landlord

We work as a partner to our tenants, and we take that further than most owners are willing to go.

We've rezoned and subdivided land to fit an operator's requirements. We've executed build-to-suits, funded site expansions and improvements, and placed operators in buildings we hadn't planned to lease to them. We've restructured leases mid-term when a tenant's business changed - because a lease that works for both sides outlasts one that doesn't. And more than once, we've helped a tenant solve a real estate problem that had nothing to do with a building we owned.

We can do this because we understand our tenants' businesses - what a location is worth to them, what it costs them to move, and what their growth requires next. That understanding is why our tenants stay, and why many of our best acquisitions started as a phone call from an operator.

 

REAL ESTATE:

More Info:

Moir Park manages an IOS real estate portfolio through Moir Park Properties LLC, Moir Park Properties II LP, Moir Park Properties III LP (the “Funds”). The Funds target light industrial facilities with outdoor storage with an emphasis on specific tenants. Moir Park’s portfolio consists of 66 assets strategically positioned across the United States.

Moir Park’s investment process allows the Fund to source, underwrite, acquire and manage attractive off- and on-market transactions. Moir Park’s experience in the strategy has created a disciplined process backed by a proprietary network of relationships to find and diligence IOS facilities tenanted by regional or national tenants with strong site-level fundamentals and operating metrics.