Leo Addimando Of Alterra IOS Secures $400 Million Refinancing For Industrial Outdoor Storage Portfolio

The Industrial Outdoor Storage Portfolio encompasses 2,100,000 square feet across 551 acres, primarily situated within California, Florida, Georgia, North Carolina, and Texas. The asset type is categorized as industrial and is involved in a refinancing transaction.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $400,000,000
• Lender: KeyBank and Truist Financial
• Landlord: Leo Addimando - Alterra IOS
• Loan Type: Refinance
• Number of Properties: 99
• States Involved: 27
• Platform Debt Commitments: Over $2 billion

Alterra IOS, represented by Leo Addimando, secured refinancing to strengthen its acquisition strategy across the expansive portfolio, structuring the financing as an equity pledge rather than conventional asset-level mortgages.