Alterra IOS has closed a $100 million fund-level revolving credit facility from BMO. The facility is structured to complement the pace of Alterra’s acquisition pipeline and demonstrates BMO’s ability to provide flexible financing that supports the continued growth of the industrial outdoor storage (IOS) sector.
“As the institutionalization of the industrial outdoor storage sector continues to scale, it requires financing solutions that can move as quickly as the assets themselves, and this facility does exactly that,” said Scott Whittle, CFO at Alterra IOS. “We value BMO’s ongoing partnership and willingness to design a tailored structure that supports our acquisition strategy and the continued expansion of our national footprint.”
Kim Liautaud, head, real estate and infrastructure at BMO Commercial Bank, said, “Our most recent investment with Alterra is a continuation of our strong existing relationship and was designed to fit the specific needs of th
