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Alterra IOS Secures $150 Million Loan Facility from Blue Owl Capital
Alterra IOS has announced the successful closing of a $150 million loan facility, provided by funds managed by Blue Owl Capital Inc.
The initial funding of the loan is backed by 21 properties located across 12 states. Future disbursements from the facility will support acquisitions under Alterra IOS Venture III, a closed-end fund with $925 million in equity commitments. Notably, this marks Blue Owl’s first venture into financing within the Industrial Outdoor Storage (IOS) sector.
The loan is secured by 106 usable acres of IOS properties situated in key infill markets, including Atlanta, Charleston, Dallas-Fort Worth, Houston, and Phoenix.
Newmark’s Nick Scribani and Jordan Roeschlaub represented Alterra IOS in the transaction.
“We’re excited to complete our first financing with Blue Owl, whose thoughtful and collaborative approach complements the strength of our platform as we continue scaling nationwide,” said Scott Whittle, Chief Financial Officer & Chief Compliance Officer at Alterra IOS.
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