Blue Owl Capital has extended a $150 million loan facility to Alterra IOS, the industrial outdoor storage specialist.
The facility is secured by 21 properties across 12 states, covering 106 usable acres of IOS sites in key logistics corridors such as Atlanta, Charleston, Dallas‑Fort Worth, Houston, and Phoenix.
The loan will fund acquisitions for Alterra IOS Venture III, a closed‑end fund that has already raised $925 million in equity commitments.
This marks Blue Owl’s first financing in the IOS sector, expanding its real‑assets platform into a high‑growth, resilient asset class. The firm’s real‑assets platform is led by Chief Investment Officer Jesse Hom.
Blue Owl’s assets under management total more than $284 billion as of June 30 2025, and the firm has positioned itself to capture a share of the fragmented IOS market through permanent capital deployments.
Alterra IOS has acquired over 400 sites nationwide since 2017 and has secured additional institutional financing in 2025, including a $343 million loan from Truist Financial Corp. and Bank of Montreal in Q3 and a $189 million loan from Blackstone Mortgage Trust in Q1.
Nick Scribani and Jordan Roeschlaub of Newmark represented Alterra IOS in securing the financing.
The loan is structured as a permanent capital commitment, with terms not disclosed publicly.
The transaction provides Blue Owl with interest income and fee revenue while supporting Alterra’s growth strategy in the IOS market.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.