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Sign in Sign up for a FREE subscriptionAlterra IOS, J.P. Morgan Asset Management announce sale of 51-property IOS portfolio
Alterra IOS announced the sale of a 51-property portfolio to Peakstone Realty Trust in an off-market transaction valued at $490 million.
The portfolio, which spans 14 states, was purchased from a joint venture between Alterra IOS and institutional investors advised by J.P. Morgan Asset Management. It includes 45 operating sites and six redevelopment sites. The operating sites are 100 percent leased to a diverse range of leading national and regional tenants.
