Realterm Global Originates $64.9M Loan for 20-Property National IOS Portfolio
Realterm Global Global has originated a $64.9 million credit facility for a 20-property national industrial outdoor storage portfolio, the Annapolis, Maryland-based investment manager announced Aug. 11, 2026. The transaction brings Realterm's credit platform to more than $500 million in total loan volume.
The portfolio spans 77.1 acres and includes approximately 286,000 square feet of warehouse and industrial space. It is 100% leased to a diversified tenant base operating across the industrial services, environmental services, logistics and construction industries.
Deal Details and Credit Platform Momentum
The financing is structured as a credit facility and represents the latest in a series of transactions through Realterm's credit platform. Paul Sisson, Head of Credit at Realterm, said the deal reflects the firm's ability to move quickly in a market where traditional bank lending has pulled back.
"Realterm continues to expand its credit platform, and this financing is another example of applying our unique capabilities and expertise in executing strategic credit transactions," Sisson said. "We're able to move quickly and creatively to meet borrowers where they are, which is increasingly rare in today's lending environment."
The transaction follows Realterm's February 2026 announcement of a $300 million facility to Greenpoint Partners and its platform company Outpost for a six-property transport infrastructure portfolio. Together, the two deals illustrate Realterm's focus on transportation- and logistics-linked credit opportunities as a core part of its investment strategy.
Portfolio Structure and Tenant Profile
The 20-property portfolio's multi-tenant structure, full occupancy and tenant diversification across four distinct industries — industrial services, environmental services, logistics and construction — position it as a cash-flow-diversified industrial service network. These sectors are closely tied to transportation infrastructure and supply chain operations, which align with Realterm's broader investment focus as an independent global investment manager concentrated on the transportation industry.
The portfolio's 100% occupancy rate and diversified tenancy are characteristics that specialty lenders have continued to underwrite in the industrial outdoor storage segment even as traditional banks have grown more selective.
Market Context: Private Credit Filling the Gap
The transaction arrives as private credit and specialty lenders have increasingly stepped in to fill financing gaps left by traditional banks pulling back from industrial real estate lending. U.S. commercial real estate investment activity is expected to rise 16% in 2026 to approximately $562 billion, nearly returning to pre-pandemic annual averages, reflecting continued capital availability for favored asset classes including industrial.
Industrial fundamentals have continued to stabilize in 2026, with demand improving and the supply-demand imbalance narrowing as the sector works through post-2022 supply additions. At the same time, macro uncertainty and elevated interest rates continue to temper the broader recovery, making lender selectivity an ongoing feature of the market even as debt availability improves across banks, insurers and private credit channels.
For industrial outdoor storage specifically, the Realterm transaction signals that well-leased, diversified IOS portfolios with transportation and logistics relevance remain financeable in the current environment — a meaningful data point for owners and operators in the segment navigating a lending landscape where specialized expertise has become a differentiating factor.
About Realterm
Realterm is an independent global investment manager focused on the transportation industry. The firm's credit platform, led by Paul Sisson, has now surpassed $500 million in loan volume across transportation, logistics and industrial assets.
Sources:
Realterm — Realterm originates $64.9M loan for 20-property IOS portfolio (Aug. 11, 2026)