Alterra IOS has secured nearly $1 billion for further acquisitions of industrial outdoor properties nationwide, as indicated by federal filings. This substantial fundraising underscores the Philadelphia-based firm’s assertive strategy in this often overlooked asset class, bolstering its multibillion-dollar portfolio.

Disclosed in a recent filing with the U.S. Securities and Exchange Commission, the $900 million fundraising effort highlights Alterra’s significant investment in its industrial outdoor storage division over recent years, reflecting the company’s recognition of substantial opportunities in this sector.

Named Alterra IOS Venture III LP, the latest fund sets a minimum investment threshold for outside investors at $150,000. Fundraising commenced in May 2023 with an initial target of $750 million, as previous filings indicate. By May 2023, Alterra had already raised $168.3 million toward this fund.

*Article courtesy of Philadelphia Business Journal 

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