Connect News Commercial Real Estate news for every market and every facet, every day.
Connect CRE Events Live and virtual events bringing together the best of information and networking.
CRE Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Classroom Offering CRE focused continuing education courses on demand.
ApartmentBuildings.com Is a dynamic platform to search for, list and promote multifamily listings nationwide.
Connect Awards View the A-list of commercial real estate & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
Loantuitive Find the right lender for your loan.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for daily news covering CRE transactions and trends. Stay informed on national, regional and property sector news that matters to your business.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Property Sectors

Topics

Washington DC CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Washington DC & Mid-Atlantic  + Philadelphia  + Industrial  |  June 10, 2026
Jasmine Kilman
By: Jasmine Kilman

Alterra IOS Secures $244M Financing from Blackstone for Industrial Outdoor Storage

Alterra IOS announced the closing of a $244 million loan from Blackstone Real Estate Debt Strategies.

The initial funding was secured in part by 37 IOS properties spanning 27 markets, with future funding scheduled for upcoming acquisitions. Collectively, the assets total 165 usable acres of IOS real estate and 806,000 square feet of accompanying warehouse space.

Justin Horowitz of Cooper-Horowitz represented Alterra in the financing. “This transaction represents a meaningful evolution in the financing of institutionally owned IOS assets on a non-recourse basis,” said Scott Whittle, Chief Financial Officer at Alterra IOS.

Each property is concentrated in major U.S. industrial and logistics corridors, including key markets across Florida, Georgia, Indiana, Maryland, North Carolina and Virginia. This transaction marks Blackstone Real Estate Debt Strategies’ sixth loan within the IOS sector, bringing its total exposure to the asset class to over $1.1 billion.

Connect

Inside The Story

Alterra IOBlackstone

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.
Order Reprints