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Leo Addimando Of Alterra IOS Secures $103 Million Loan From PGIM For Industrial Portfolio

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FINANCED
$103,000,000
Justin Horowitz
LA

National

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Industrial
Financed
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FINANCED

Leo Addimando Of Alterra IOS Secures $103 Million Loan From PGIM For Industrial Portfolio

Industrial
Financed
Justin Horowitz
LA
the dealplayerscompscontact
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Summary

Asset Type:Industrial
Transaction Type:Loan

The transaction involves an acquisition loan for a 23-asset industrial outdoor storage portfolio located across 18 U.S. markets. The total loan amount secured is $103 million, specifically tailored for the acquisition of the industrial assets. The lender for this transaction is PGIM, which is known for its real estate credit business.

Summary of transaction details:

Justin Horowitz from Cooper-Horowitz arranged the financing on behalf of Alterra IOS. This transaction marks Alterra's first loan with PGIM, reflecting a significant achievement for the borrower in securing necessary financing for their portfolio acquisition.

Players

Justin Horowitz
Brookfield Properties
Justin Horowitz
31 deals$1.9B volume(212) 986-8400
BROKER
PGIM
PGIM
LENDER
LA
Alterra Property Group
Leo Addimando
11 deals$535.2M volume
LANDLORD

Details

FINANCED
IMAGE: Leo Addimando & Justin Horowitz DATE: 03/11/2026 ADDRESS: Industrial Portfolio MARKET: United States ASSET TYPE: Industrial LENDER: PGIM (@PGIM) LANDLORD: Leo Addimando (@LaddimAndo) - Alterra IOS BROKERS: Justin Horowitz - Cooper Horowitz (@CooperHorowitz) LOAN AMOUNT: $103,000,000 LOAN TYPE: Acquisition NOTE: Alterra IOS secured $103 million in acquisition financing from PGIM’s real estate credit business for a 23-asset industrial outdoor storage portfolio spanning 18 U.S. markets. Justin Horowitz of Cooper-Horowitz arranged the financing on behalf of the borrower, marking Alterra’s first loan with PGIM.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$103,000,000.00

Monthly NOI$686,666.67
Monthly Debt Service$651,030.06
Change in Cash Flow$0.00
Refinance Proceeds$0.00