Alterra’s industrial outdoor storage fund raises more than $168m toward target
Alterra IOS Venture III, a fund managed by Alterra Property Group, has raised more than $168 million toward its target of $750 million, according to a recent SEC filing.
The closed-end, value-add fund will invest in industrial outdoor storage in infill locations across major U.S. markets.
Alterra Property Group is an established real estate investment, development and management company based in Philadelphia. Alterra’s real estate platform is strategically focused on two core competencies of residential/mixed-use development and industrial outdoor storage.