Realterm, Starwood Property Trust Co-Originate IOS Financing

Realterm, alongside Starwood Property Trust, Inc., announced the closing of a $672 million industrial outdoor storage (IOS) portfolio financing, the largest ever of its kind.

The 78-property IOS portfolio is owned by affiliates of Stonemont Financial Group and Cerberus Capital Management and encompasses 830 acres of land across 33 U.S. markets. Eastdil Secured Savills arranged the transaction.

“This financing marks a significant milestone for our credit platform and underscores our ability to execute sophisticated solutions that drive industry-making deals,” said Paul Sisson, Head of Credit at Realterm. “Borrowers are continuing to seek lenders with a deep understanding of the industrial real estate and logistics sectors.”

Starwood manages a $32 million portfolio across its debt and equity investments. “Transactions like this one reflect the breadth and depth of Starwood’s commercial real estate lending platform,” said Jeffrey DiModica, President of Starwood Property Trust.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

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