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The BSC Group recently arranged a $6.8 million partial recourse construction loan for a national sponsor. Loan proceeds will be used to construct a 115,000 square-foot self storage facility with more than 900 units in suburban Indianapolis.
For a business looking to diversify its investments, commercial real estate can make sense. It has the potential to create an income stream, provide tax savings and steadily build value as an asset.
Strategic Storage Trust IV, Inc. (SST IV), a public non-traded real estate investment trust sponsored by SmartStop Asset Management, LLC (SmartStop), announced today the acquisition of a six-property self storage portfolio.
One of Rock Hill's long-time retail sites has been sold. Kmart Plaza, almost 90,000 square feet of retail space at Cherry and Anderson roads, sold for $6 million. Madison Capital out of Charlotte was the buyer.
NAI Horizon has arranged the sale of a two-property self storage portfolio located in metro Sacramento. Rohnert Park-based L.P.G. Associates sold the properties to Salt Lake City-based Extra Space Properties Two LLC for $31.5 million.
G5's Self Storage State of the Industry Report for the first half of 2018 is now available to download. The report is a comprehensive overview of economic outlook, current industry policies, upward trends and challenges.
Holliday Fenoglio Fowler, L.P. (HFF) announces the $15.65 million construction financing for development of Hillside CubeSmart, a 1,203-unit, CubeSmart-branded self storage facility in Hillside, New Jersey.
Acquisition is a joint venture with SmartCentres Real Estate Investment Trust.
US Storage Centers has purchased three self storage facilities in metro Nashville for an undisclosed price.
Mark A. Barnes
Self-Storage Associate - NGKF Capital Markets - Chicago, IL
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