PHILADELPHIA, Feb. 27, 2026 (GLOBE NEWSWIRE) -- Alterra IOS ("Alterra"), a leading owner and manager in the industrial outdoor storage ("IOS") sector, today announced that its management entity has received a passive, minority investment from Almanac, the private real estate arm of Neuberger.

Alterra is the nation's largest owner and manager of industrial outdoor storage assets, having acquired over 450 properties nationwide. As a vertically integrated investor, developer, and operator of IOS, Alterra's investment strategy focuses on acquiring mission critical IOS locations within dense, infill logistics and transportation gateways and infrastructure hubs, ensuring proximity to demand drivers for tenant end users. 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.

"Almanac's successful track record of investing in and growing premier real estate managers, along with its permanent capital and strategic partnerships, will support Alterra's continued expansion and the elevation of IOS as an institutional asset class," said Leo Addimando, Managing Partner and CEO of Alterra.

"IOS continues to outperform and has proven to be very resilient in downturns. This investment ...