Philadelphia-based Alterra IOS has secured $189 million in financing from Blackstone Mortgage Trust Inc., marking another major investment in the industrial outdoor storage (IOS) sector. The loan supports Alterra IOS’ cash acquisition of 49 IOS properties across 22 states, totaling 235 usable acres. This investment brings the company’s total lender financing to over $1 billion… Read more »
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… Read more »
