Alterra IOS closed the sale of a 51-property industrial outdoor storage 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% leased to a diverse range of leading national and regional tenants.
