Firm at center of US industrial outdoor storage expansion adds 11 properties
Alterra IOS has acquired an 11-property industrial outdoor storage portfolio across the country, capping a year of major financing deals.
The portfolio spans markets including Chicago, Houston, San Francisco and northern New Jersey, totaling 31.6 usable acres. It is leased to Jack Doheny Companies, an equipment-rental firm based in Northville, Michigan; the sale price was not disclosed.
This portfolio is representative of our core thesis — acquiring well-positioned industrial outdoor storage assets with grade-level warehouses and supportive IOS zoning.Mark Gannon, SVP of Acquisitions, Alterra IOS (via CoStar)
The deal followed a year of headline financings for the Philadelphia-based investor — including $189 million from Blackstone Mortgage Trust, nearly $344 million from Truist and the Bank of Montreal, and a $150 million loan from Blue Owl — as the once-obscure sector gained mainstream institutional attention.
Source: CoStar, “Firm at center of US industrial outdoor storage expansion adds 11 properties,” by Ryan Ori, December 30, 2025.
