Blackstone Mortgage Trust has provided Alterra IOS with $189m (€181m) in financing to support 49 industrial outdoor storage (IOS) sites in the US.
Austin Pena, EVP of investments at Blackstone Mortgage Trust, said, “Blackstone Mortgage Trust is actively deploying capital into compelling investment opportunities in today’s market, including the IOS sector, which benefits from similar secular tailwinds to logistics, one of Blackstone’s highest conviction themes.
“We are excited to provide this financing solution to Alterra and support the next phase of growth for their IOS platform.”
Scott Whittle, CFO at Alterra IOS, said: “We are thrilled to close our first financing with the Blackstone team and to add another leading institution to a growing list of capital providers supporting our IOS platform.
“This closing underscores the strength of our portfolio and the continued demand for well-located industrial outdoor storage assets.”
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