Alterra IOS Secures $400 Million Industrial Outdoor Storage Refinancing From Truist and KeyBank
KeyBank committed $175 million as a joint lead arranger for a $400 million refinancing facility for Alterra IOS, alongside Truist. The non-recourse financing is secured by a portfolio of 99 industrial outdoor storage properties across 27 states and utilizes an equity pledge structure rather than traditional mortgages.
Key figures
- Deal Value Usd
- 400000000
- Usable acres
- 551
- Warehouse sqft
- 2.1 million
- Truist commitment
- 225000000
- Keybank commitment
- 175000000
- Portfolio properties
- 99
- Total debt commitments alterra
- 2000000000
AI analysis
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