Alterra IOS, a leading nationwide real estate company, has recently announced the successful closing of $189 million in financing from Blackstone Mortgage Trust Inc. This funding was secured for assets acquired in Alterra’s latest venture and brings their total lender financing to over $1 billion.
The financing was facilitated by Justin Horowitz of Cooper Horowitz, who worked closely with Alterra IOS Venture III to market and secure the necessary funds. The funding will be used for 49 sites across 22 states, totaling approximately 235 usable acres.
This significant achievement comes after several successful transactions for Alterra in 2024, including the sale of a portfolio consisting of 51 institutional-grade assets to Peakstone Realty Trust for $490 million.
“We are delighted to have closed our first deal with Blackstone Mortgage Trust and add them as another top-tier institution supporting our growing IOS platform,” stated Scott Whittle, Chief Financial Officer at Alterra IOS. With this new partnership and continued success in securing capital investments, it is evident that Alterra is well-positioned for future growth and expansion within the industry.
