DJIA53377.41 -308.70
S&P 5007667.88 36.41
NASDAQ26476.62 -107.44
Russell 20002972.48 4.21
German DAX25908.78 69.45
FTSE 10010758.15 1.70
CAC 408260.12 -20.51
EuroStoxx 506362.05 -0.80
Nikkei 22565020.94 806.46
Hang Seng25188.00 -123.21
Shanghai Comp3942.09 0.70
KOSPI6687.21 107.73
Bloomberg Comm IDX142.78 -0.36
WTI Crude-fut91.72 0.07
Brent Crude-fut90.75 -0.83
Natural Gas2.97 0.04
Gasoline-fut3.18 0.03
Gold-fut4485.60 -34.70
Silver-fut66.82 -0.72
Platinum-fut1830.00 0.90
Palladium-fut1409.00 -24.00
Copper-fut6.69 0.09
Aluminum-spot3195.00 0.00
Coffee-fut298.10 -11.35
Soybeans-fut1310.50 -4.00
Wheat-fut748.75 -3.50
Bitcoin79488.79 -1719.09
Ethereum USD2455.48 -39.93
Litecoin50.28 -1.08
Dogecoin0.09 0.00
EUR/USD1.1625 0.0023
USD/JPY155.46 -3.29
GBP/USD1.3519 0.0016
USD/CHF0.8081 -0.0055
USD IDX99.08 0.08
US 10-Yr TR4.761 -0.001
GER 10-Yr TR3.338 -0.0003
UK 10-Yr TR5.1303 -0.0063
JAP 10-Yr TR2.905 -0.001
Fed Funds3.75 0
SOFR3.66 0.01
Connect News Money news for every market and every facet, every day.
Connect Money Events Live and virtual events bringing together the best of information and networking.
Financial Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Awards View the A-list of money & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for clear, concise news of maximum importance to the financial services industry.

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

Topics

Alternative Assets  + Real Estate  |  February 19, 2025
Blackstone Mortgage Trust Provides $189M Financing to Alterra IOS
Joe Palmisano
By: Joe Palmisano

Blackstone Mortgage Trust Provides $189M Financing to Alterra IOS

Blackstone Mortgage Trust provided a $189 million financing package for Alterra Property Group’s industrial real estate platform, Alterra IOS. The funding will support 49 industrial outdoor storage (IOS) sites across 22 states, totaling about 235 acres. The financing backs Alterra IOS Venture III, which closed in 2024 with $925 million in commitments, surpassing its original $750 million target.

“We are thrilled to close our first financing with the Blackstone team and to add another leading institution to a growing list of capital providers supporting our IOS platform,” said Scott Whittle, CFO for Alterra IOS.

Alterra IOS has established itself as one of the nation’s largest IOS owners, with over 300 properties across 36 states. The company serves businesses requiring storage for equipment, machinery, vehicle fleets, shipping containers, and building materials.

Cooper Horowitz arranged the financing.

Read More News Stories About: Blackstone
Connect

Inside The Story

Blackstone Mortgage TrustAlterra IOS

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
Order Reprints