Seller Details:
Alterra IOS (“Alterra”) is the nation’s leading owner and manager of industrial outdoor storage (IOS) assets. Alterra is dedicated to providing real estate solutions through property acquisition, development, management and leasing for tenants in the heavy industrial & outdoor storage space. Over the past ten years, Alterra has created tenant relationships in the transportation & logistics, vehicle storage, equipment rental, infrastructure services and building materials industries through the acquisition or development of over 450 properties across 38 states as of Q1 2026.
Buyer Details:
Almanac Realty Investors (“Almanac”), a business unit of Neuberger, is a leading provider of growth capital to private and public real estate companies. Originally founded in 1981 under the name Rothschild Realty, Almanac partners with established owner-operators in all sectors of the real estate market with the goal of accelerating company growth and has committed more than $8.9 billion in capital to 59 real estate companies, both private and public, throughout North America.
Transaction Summary:
The strategic minority investment will enable Alterra to build on its existing capabilities and further strengthen its leadership position in the growing IOS market. Almanac’s investment underscores growing institutional investor confidence in the IOS sector, which is experiencing rapid growth driven by demand from e-commerce and infrastructure in the face of structurally constrained supply.