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Blackstone ramps up lending bet on industrial outdoor storage

Firm provides $525 million in financing to Alterra IOS, Catalyst Investment Partners
Catalyst owns the IOS facility at 3537 Dorchester Road in North Charleston, South Carolina, which Blackstone refinanced. (CoStar)
Catalyst owns the IOS facility at 3537 Dorchester Road in North Charleston, South Carolina, which Blackstone refinanced. (CoStar)

Blackstone Real Estate Debt Strategies has committed more than half a billion dollars to the industrial outdoor storage sector in the span of a week, backing two separate IOS platforms and signaling increased conviction in the fast-growing niche.

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