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Alterra IOS Secures $244M Financing to Fuel Growth of National Industrial Outdoor Storage Platform
GlobeNewswire Inc.·
Alterra IOS closed a $244 million loan from Blackstone Real Estate Debt Strategies to support its industrial outdoor storage platform expansion. The financing, secured by 37 properties across 27 markets, brings Alterra's total institutional debt to over $1.8 billion. This marks Blackstone's sixth IOS sector loan, with total exposure exceeding $1.1 billion. Alterra has acquired over 470 properties across 39 states using an innovative equity pledge framework instead of traditional mortgage structures.
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