Alterra IOS Announces Closing of $189M Loan Commitment from Blackstone Mortgage Trust
Financing brings total secured from institutional lending partners across Alterra’s fully discretionary IOS funds to over
The funding from Blackstone Mortgage Trust backs 49 IOS sites across 22 states, totaling approximately 235 usable acres.
“We are thrilled to close our first financing with the Blackstone team and to add another leading institution to a growing list of capital providers supporting our IOS platform," said Scott Whittle, Chief Financial Officer for Alterra IOS. “This closing underscores the strength of our portfolio and the continued demand for well-located industrial outdoor storage assets.”
Austin Pena, Executive Vice President of Investments at Blackstone Mortgage Trust said, “Blackstone Mortgage Trust is actively deploying capital into compelling investment opportunities in today’s market, including the IOS sector, which benefits from similar secular tailwinds to logistics, one of Blackstone’s highest conviction themes. We are excited to provide this financing solution to Alterra and support the next phase of growth for their IOS platform.”
This financing comes on the heels of several significant transactions for the Alterra team in 2024, including the sale of an institutional-grade portfolio of 51 IOS assets to Peakstone Realty Trust in November for
Justin Horowitz of Cooper Horowitz worked with Alterra IOS Venture III to market and source the financing.
About Alterra IOS
Alterra’s industrial real estate platform, Alterra IOS, is dedicated to providing real estate solutions through property acquisition, development, management & leasing for tenants in the heavy industrial & outdoor storage space. Focused on low-building coverage sites with large, stabilized yard space to accommodate an array of uses such as vehicle, material, and equipment storage, Alterra brings an institutional comprehension of the municipal & logistical complexities in securing mission-critical real estate for the often-overlooked sectors of the
About Blackstone Mortgage Trust
Blackstone Mortgage Trust (NYSE: BXMT) is a real estate finance company that primarily originates senior loans collateralized by commercial real estate in
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media@alterraproperty.com
jeffrey.kauth@blackstone.com
Source: Alterra IOS