Alterra IOS Secures $189 Million Loan From Blackstone Mortgage Trust For Industrial Portfolio

Alterra IOS secured a $189 million loan to finance 49 industrial outdoor storage sites spread across 22 states within the United States. The total asset encompasses 235 acres categorized under industrial property.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $189,000,000
• Lender: Katie Keenan - Blackstone Mortgage Trust
• Landlord: Leo Addimando - Alterra IOS
• Broker: Justin Horowitz - Cooper Horowitz

This financing arrangement represents the inaugural collaboration between Alterra IOS and Blackstone Mortgage Trust, contributing to Alterra's total secured capital now exceeding $1 billion. Previous financing partners included Truist, Bank of Montreal, and Bank of America.