Posts Tagged: Storage portfolio

Alterra’s $490M Storage Portfolio Sale Includes 8 Local Properties

Alterra’s $490M Storage Portfolio Sale Includes 8 Local Properties

A joint venture between Philadelphia-based Alterra IOS and JPMorgan Chase has sold a 51-property industrial outdoor storage portfolio to Peakstone Realty Trust for $490 million. Alterra CEO Leo Addimando noted that selling to an institutional investor was ‘the last unproven part’ of their business strategy after a decade in industrial outdoor storage. The 440-acre portfolio… Read more »