Apricus Realty Capital Acquires 18.56-Acre IOS Facility in Northwest Houston with ABR Capital Partners
HOUSTON — Dallas-based Apricus Realty Capital has acquired an 18.56-acre industrial outdoor storage (IOS) facility at 11403 N. Houston Rosslyn Rd. in Northwest Houston, the firm announced July 7. The property is 100% leased to American Piping Products, a North American distributor of steel pipe, fittings and related products serving the energy, power generation, chemical processing and industrial sectors.
The acquisition was completed in partnership with ABR Capital Partners, continuing a programmatic joint venture between the two firms focused on IOS and infill industrial aggregation. JLL Debt Advisory Senior Directors CW Sheehan and Jack Britton, Associate Peyton Ackerman and Analyst Nate Henderson represented Apricus in securing debt financing for the transaction. Financial terms were not disclosed.
Property and Location Details
The site at 11403 N. Houston Rosslyn Rd. includes approximately 53,000 square feet of warehouse and service facilities supporting a large-scale pipe storage and distribution yard. The property is situated between Beltway 8, U.S. Highway 290 and Interstate 45 in Northwest Houston.
Apricus described the asset as featuring crane-served functionality, significant power capacity, a large laydown yard and limited competing IOS supply in the submarket.
"This acquisition aligns perfectly with our investment strategy of acquiring mission-critical IOS assets occupied by high-quality industrial users," said Matt Haley, Managing Principal of Apricus Realty Capital.
Garrett Marler, Senior Vice President at Apricus Realty Capital, added: "This asset offers a highly attractive combination of exceptional access, crane-served functionality, significant power capacity, a large laydown yard and limited competing supply in the market."
Northwest Houston Submarket Focus
Apricus Realty Capital Vice President Cort Martin noted the firm's continued emphasis on the Northwest Houston submarket. "Northwest Houston continues to be a focus for Apricus," Martin said. "The strong fundamentals and population growth make this area one of the most desirable pockets in Houston for industrial users. It matches our acquisition strategy, which remains focused on IOS assets with strong real estate fundamentals, infill locations, functional improvements and mission-critical tenancy."
Part of a Broader 2026 Acquisition Push
The Houston deal is the latest in a series of transactions Apricus has executed over the past six months. Earlier in 2026, the firm acquired 6110 Chippewa Dr. in Dallas. The firm has also disposed of several IOS assets during the period, which Haley said generated realized returns for investors.
"2026 has been an important year for our platform," Haley said. "We have successfully demonstrated both sides of the investment equation — creating liquidity through profitable monetization while continuing to acquire high-quality assets that fit our long-term investment plans."
Marler noted that institutional capital participation in the IOS sector has increased, which the firm views as validation of market interest in the asset class as a distinct investment category.
Apricus said it continues to pursue acquisitions targeting infrastructure, energy, utility, building products and equipment-related users that rely on outdoor storage as a core component of their operations.
About the Joint Venture Partner
Baltimore-based ABR Capital Partners is a real estate investment manager with a 50-year track record across debt and equity investments in the United States. The firm has acquired and financed more than $4.2 billion of assets across more than 400 transactions and seven firm-sponsored real estate funds.