PHILADELPHIA, Jan. 15, 2026 (GLOBE NEWSWIRE) -- Alterra IOS ("Alterra"), a prominent player in the industrial outdoor storage ("IOS") sector that has acquired over 400 sites nationwide, today announced the closing of 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 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, Chief Financial Officer 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."

"Our most recent investment with Alterra is a continuation of our strong existing relationship and was designed to fit the specific needs of their fast-growing platform," said Kim Liautaud, Head, Real Estate and Infrastructure at BMO Commercial Bank. "We're proud to back Alterra's next ...