PHILADELPHIA, Oct. 28, 2025 (GLOBE NEWSWIRE) -- Alterra IOS ("Alterra"), a prominent player in the industrial outdoor storage ("IOS") sector that has acquired over 400 sites nationwide, today announced the successful close of a $150 million loan facility from funds managed by Blue Owl Capital Inc. ("Blue Owl") (NYSE:OWL). The initial funding of the facility was collateralized by 21 properties in 12 states. Subsequent fundings of the loan commitment will support acquisitions for Alterra IOS Venture III, a closed-end fund with $925 million in equity commitments. The deal represents Blue Owl's first financing in the IOS space.

"As institutional recognition of the industrial outdoor storage sector accelerates, transactions like this highlight the confidence lenders have in the long-term performance of the asset class," said Scott Whittle, Chief Financial Officer & Chief Compliance Officer at Alterra IOS. "We're excited to complete our first financing with Blue Owl, whose thoughtful and collaborative approach compliments the strength of our platform as we continue scaling nationwide."

"Our investment in Alterra reflects Blue Owl's focus on working with market-leading operators in high-growth, resilient sectors," said Jesse Hom, Chief Investment Officer for Blue Owl's Real Assets platform. "We see strong, sustained demand for IOS assets and believe Alterra is well positioned to lead in this evolving space."

The facility is backed by 106 ...