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Alterra IOS secures $400M refinancing for 99 industrial outdoor storage sites across 27 states

Company Fundamentals
13 Jul 2026
GlobeNewsWire
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Bullish
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Alterra IOS closed a $400 million refinancing deal led by Truist and KeyBank, using an equity pledge structure instead of traditional mortgages. The financing covers 99 industrial outdoor storage properties across 27 states, totaling 551 acres and 2.1 million square feet of warehouse space. This structure allows faster, more efficient portfolio-level financing, supporting Alterra's growth in the industrial outdoor storage sector. The deal increases total debt commitments for Alterra’s IOS funds to over $2 billion, highlighting strong demand and constrained supply in key U.S. logistics markets.

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