Affinius Capital LLC today announced the closing of a $17.25 million loan to refinance a Storelocal two-property, 1,341-unit self-storage portfolio located in the greater Nashville, TN region. The loan was made to Pruit Investments and will be used to refinance the properties and hold the assets long-term.
Affinius Capital Senior Vice President Tyler Figley commented, “Nashville’s population and employment growth continue to drive strong self-storage fundamentals. The portfolio represents our commitment to financing high-quality self-storage in growth markets with experienced, repeat sponsorship.”
The portfolio features a variety of unit types and sizes, including drive-up entry, indoor climate-controlled units, and parking spaces to accommodate various tenant needs. Each property is equipped with on-site management, controlled gate access with keypad entry, a leasing office, and 24/7 digital surveillance.
Located in Gallatin and Spring Hill, TN, the two properties offer direct access to surrounding residential communities and benefit from proximity to major thoroughfares, ensuring seamless regional connectivity across the greater Nashville region.
The financing was arranged by Amit Tyagi and Andy Bratt of Gantry.
About Affinius Capital LLC
Affinius Capital® is an integrated institutional real estate investment firm focused on value-creation and income generation. With a 40-year track record and $62 billion in gross assets under management, Affinius has a diversified portfolio across North America and Europe providing both equity and credit to its trusted partners and on behalf of its institutional clients globally. For more information, visit www.affiniuscapital.com.
