Salem Partners Announces Successful Closing of a $50 Million Programmatic Equity Joint Venture

Salem Partners, LLC (“Salem”) is pleased to announce a successful closing of a $50 million programmaticequity joint venture on November 19th, 2021. The joint venture was structured between Salem’s client,Guardian Yards (“Guardian” or the “Company”) and a West Coast / Los Angeles based private equityfirm focused on opportunistic commercial real estate investing. The goal of the joint venture will be toacquire land sites to develop high-performing Industrial Outdoor Storage (“IOS”) | Industrial Service Facilities (“ISF”) real estate properties across the major California markets.