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07

Transactions and Deals: July 7, 2022

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Transactions and Deals: July 7, 2022

Aries Manages Loans for Three Clients

 

Aries Capital of Chicago closed $46 million in construction, bridge and permanent debt financing for self storage facilities in California, Colorado, Florida and Texas. The financing was arranged on behalf of three separate clients. The transactions include: $17.5 million construction loan for Diamond Development Partners for a new facility in Santa Clarita, California; an $8.65 million loan for Southern Star Self Storage for four acquisitions; and $19.8 million loan for Vineburg Wine & Self Storage in Sonoma, California. Brandon Perdeck, Matt Carney and Steve Adams worked on the assignments.

 

Harding Joins Janus Board

 

Janus International Group, Inc. appointed Heather Harding to its board of directors and a member of its audit committee. Harding served as chief financial officer of Luxfer Holdings PLC (NYSE: LXFR). She is a certified public accountant. Janus is a provider of access control technologies and building products to the storage industry.

 

REIT Buys Established California Store

 

Marcus & Millichap brokered the sale of Lake Elsinore Mini Storage in Lake Elsinore, California. Keith Phillips and Adam Schlosser marketed the property on behalf of the seller, a California-based LLC that had owned and operated the facility since 1987. The buyer was a national REIT.

 

Safe N Lock Headed to Long Island

 

Safe N Lock Self Storage plans to construct a new storage facility Copiague, New York on Long Island. The company has 18 facilities in the New York City area with eight projects under development.

 

Storage Group Partners with RV Publication

 

The Storage Group launched the website of Toy Storage Nation and Steve Lucas, CEO and managing partner at The Storage Group, has joined the advisory board for Toy Storage Nation.

Toy Storage Nation specializes in being an advocate partner for the expanding recreational vehicle storage industry.

 

Metro Storage Closes Loan with Talonvest

 

Talonvest Capital, Inc. and Metro Storage LLC closed a $35 million loan to refinance four assets in Doylestown and New Britain, Pennsylvania, Mt. Laurel, New Jersey and Westhampton Beach, New York. The Talonvest team responsible for the assignment were Kim Bishop, Parker Crockett, Jim Davies, Eric Snyder, and Thalia Tovar.

 

Moove In Buys Two Near Philly

 

Moove In Self Storage acquired a two-property portfolio in Easton, Pennsylvania. The assets will be managed by Investment Real Estate Management, LLC.

 

Storage Post Gets Financing in Staten Island

 

JLL Capital Markets arranged $33.2 million in financing for Storage Post’s new facility in Staten Island, New York. The JLL team was Steve Klein, Robert Tonnessen, Jackie Ferrer and Ricky Song.

 

Bee Safe Heads to Carolina Coast

 

Bee Safe Storage intends to construct a facility in Wilmington, North Carolina. Bee Safe was founded by The Carroll Companies.

 

DXD Building in Las Vegas

 

DXD Capital is building a storage facility in Las Vegas, Nevada. The facility will be operated by Public Storage. The property was acquired as part of the DXD Self Storage Fund I which closed last year after raising $53 million.

 

Iowa Storage Sold by Lindsey

 

Lindsey Self Storage Group brokered the sale of DeYoung Mini Storage in Eagle Grove, Iowa. Kirk Martin managed the transaction.

 

 

 

 

| Categories: | Tags: Aries Capital, Janus International Group, Elsinore Mini Storage, Safe N Lock Self Storage, Toy Storage Nation, Talonvest Capital, Moove In Self Storage, Storage Post, Bee Safe Storage, DXD Capital, Lindsey Self Storage Group | View Count: (431) | Return

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