Newmark is pleased to announce the sale of the 16-Property Extra Space portfolio. The 1.7 million SF portfolio spanned 12 states across the Southeast, Midwest and Texas. High demand indicators, favorable locations and established tenant bases allow for continued growth across the portfolio. Click here to read the full press release. About Newmark Newmark Capital …
Newmark Announces Sale of 16-Property Extra Space Portfolio Read More »
Newmark is pleased to announce the sale of the 14-Property Storage Choice Portfolio in Texas that comprises 9,900 units with over one million net rentable square feet. Each property serves densely populated and continuously growing areas of Houston and Dallas, with established consumer bases and record occupancy levels. About Newmark Newmark Capital Markets Self Storage …
Newmark Announces Sale of 14-Property Storage Choice Portfolio in Texas Read More »
Newmark is pleased to announce the sale of a seven-property self-storage portfolio located in some of the highest growth areas of the Houston MSA. The institutionally managed portfolio is comprised of nearly 620,000 SF across more than 3,600 units and benefits from minimal new supply and record population growth that exceeds both the national and …
Newmark Announces Sale of 7-Property Self-Storage Portfolio in Houston Read More »
Newmark is pleased to announce the sale of two high-performing, institutionally managed self-storage assets in the Boston and Springfield MSAs. They had a great experience working with the sellers, North American Self Storage Group, on the transaction. The nearly 214,000 SF portfolio is comprised of 2,190 predominantly climate-controlled units and benefits from dense surrounding population …
Newmark Announces Sale of Assets in Boston and Springfield MSAs Read More »
Newmark is pleased to announce the sale of two portfolios totaling 590,530 square feet across 5,500 units in 4 states in some of the fastest-growing municipalities in the United States. The state-of-the-art facilities encompass the latest consumer amenities and benefit from densely populated areas with high rental rates and outsized population growth that will support …
Newmark announces sale of 8 properties in 4 states Read More »
Newmark is pleased to announce the sale of the U-Store / Stop-N-Stor portfolio. The 1.89 million SF portfolio spanned 10 MSAs in prime Midwestern markets with low risk of new supply. High physical occupancies, quality locations and strong demand metrics added to the unique nature of the opportunity. About Newmark Newmark Capital Markets Self …
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The BSC Group recently closed a $51.05M fixed rate permanent loan for an Illinois based institutional sponsor. The loan proceeds were used to acquire a 15 property, multi-state self-storage portfolio consisting of more than 730K rentable square feet and over 6,800 units across 8 states. The new loan was aggressively underwritten below an 8% debt yield on a …
The BSC Group recently arranged a $1.2MM loan with the SBA for a West Coast sponsor to refinance a self-storage facility in Texas. The sponsor owned the property for two years and proceeds were used to pay off a seller financing note and provide working capital for the sponsor. The loan was underwritten to 85% …
Newmark is pleased to announce the sale of a 2-property, 147,000 sf portfolio in the Southeast region of New Hampshire. This is a growing area benefiting from continued economic expansion around metropolitan Boston. The superior quality and locations of the 1,460 unit portfolio will continue to produce upward performance trends for the new owner well …
The BSC Group recently closed a $9.8MM CMBS loan for a West Coast sponsor used to refinance a self-storage facility located in Nevada. The sponsor owned the property for less than 14 months prior to refinancing. During the short ownership tenure, they realized significant lift in NOI by implementing management best practices. The lender recognized …