Alterra Acquires 23.5-Acre Industrial Outdoor Storage Portfolio in San Antonio
Why this matters
Industrial has moved into a normalization phase after the 2020-2023 frenzy. Vacancies are up modestly, sublease space remains a watch item in the big-box logistics segment, and rent growth has shifted from double-digit to mid-single-digit. The long-term tailwinds — nearshoring, e-commerce penetration, infill scarcity — remain intact. San Antonio industrial demand along the I-35 corridor has been driven by spillover from the larger Texas Triangle gateways. Multifamily fundamentals are steady. Institutional capital is calibrating between core income and value-add basis plays as the cycle matures.
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On the RET wire
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SAN ANTONIO — Alterra IOS has acquired a portfolio of six industrial outdoor storage facilities totaling 23.5 acres in the greater San Antonio area. Five of the properties are located in San Antonio proper, and the si…
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