finance
Alterra IOS Closes $244 Million Loan From Blackstone Real Estate Debt Strategies
Alterra IOS obtained a $244 million loan backed by 37 industrial outdoor storage properties across 27 markets. The financing brings the company's total debt from institutional partners above $1.8 billion.
Jun 5, 12:59 PM·1m read2 sources
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Alterra IOS closed a $244 million loan from Blackstone Real Estate Debt Strategies on June 5, 2026. The initial advance is secured by 37 industrial outdoor storage sites totaling 165 acres and 806,000 square feet of warehouse space in Florida, Georgia, Indiana, Maryland, North Carolina, and Virginia.
The properties lie in major logistics corridors. Future advances are scheduled for additional acquisitions.
This marks Blackstone Real Estate Debt Strategies' sixth loan in the industrial outdoor storage sector and raises its total exposure above $1.1 billion. Alterra IOS has now acquired more than 470 sites nationwide. "This transaction represents a meaningful evolution in the financing of institutionally owned IOS assets on a non-recourse basis," said Scott Whittle, Chief Financial Officer at Alterra IOS.
" The loan supports Alterra IOS's continued expansion of its national platform.
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