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Alterra IOS, a prominent player in the industrial outdoor storage (IOS) sector that has acquired more than 350 sites nationwide, closed on a $343.6 million loan facility arranged by Truist Financial Corp. and Bank of Montreal. The financing, secured across 64 IOS properties in 22 states, was executed on behalf of Alterra IOS Venture II, a closed-end fund with $524 million of equity commitments.