Category: Finance News

SmartStop Self Storage REIT (NYSE: SMA) has announced approximately $140 million in strategic investments spanning the U.S. and Canada. The largest component is a USD $54 million investment in a Canadian joint venture encompassing 14 properties and 9,600 units, which positions SmartStop as Canada’s third-largest self-storage operator. Separate U.S. acquisitions in Las Vegas and Asheville account for approximately $37 million. The company also disclosed a preferred equity investment partnership and a noncore disposition program targeting $75 to $125 million in property sales starting in early 2027. Full-year 2026 FFO guidance…

Talonvest Capital has arranged two bridge loans totaling $87 million for 1784 Holdings, covering ground-up self-storage developments in Bethesda, Maryland and Monmouth Junction, New Jersey. The $63 million loan, structured as a pre-Certificate of Occupancy bridge, supports a 1,560-unit climate-controlled facility near Washington, D.C. The $24 million loan covers a 964-unit New Jersey facility that also includes RV and boat parking. Both carry interest-only payment structures. The deals bring Talonvest’s reported self-storage financing activity to more than $461 million over the past 90 days. Read the Full Article Source: Multi-Housing…

First Citizens Bank has provided $157 million in financing to Morningstar Properties to refinance Blue Doors Storage Fund IV, a private-equity vehicle operated by Morningstar affiliate Blue Doors Capital Management. The fund focuses on self-storage acquisitions and development in major metro and secondary markets across the U.S. Charlotte-based Morningstar Properties has developed and operated more than 250 self-storage projects totaling over 15 million square feet since its founding in 1981. The deal reflects ongoing institutional lending activity in the private self-storage sector. Read the Full Article Source: PR Newswire –…

Investec Real Estate Cos. has secured a $53.5 million, five-year interest-only loan from New York Life Insurance Company to refinance a three-property self-storage portfolio in Highland, Goleta, and Murrieta, California. The portfolio totals 1,818 units and 243,496 net rentable square feet, with all three assets managed by Extra Space Storage. Talonvest Capital arranged the financing. The deal is one of several large self-storage refinancings Talonvest has closed recently, with the firm reporting more than $424 million in financing transactions completed in the past 90 days. Read the Full Article Source:…

Reliant Real Estate Management has secured an $86 million variable-rate bridge loan from New York Life Insurance Co. to refinance a nine-property Midgard Self Storage portfolio across Georgia, Florida, and North Carolina. The portfolio totals 5,975 units and 701,206 net rentable square feet, with all assets currently in lease-up. Gantry arranged the interest-only financing, which includes extension options and a replenished interest reserve. The deal highlights continued lender appetite for stabilizing self-storage portfolios in Southeast markets where supply remains elevated, but rents have trended upward. Read the Full Article Source:…

Talonvest Capital arranged $57.7 million in non-recourse debt fund financing for a seven-property Florida self-storage portfolio held by HPI Real Estate Services & Investments. The portfolio spans 4,598 units and 486,769 net rentable square feet across Class A assets developed and acquired between 2021 and 2024. The loan carries a two-year initial term with three one-year extension options, interest-only payments, no exit fee, and an 18-month cash management holiday. The transaction illustrates the borrower-friendly loan structures available for stabilizing institutional self-storage portfolios in active Florida markets. Read the Full Article…

VOC Partners completed a $15.2M recapitalization of its Lehigh Street self-storage property in Whitehall, Pennsylvania, returning 42% of original invested capital to existing partners while retaining ownership of the asset. The transaction refinanced existing debt and brought in new equity, creating a liquidity event short of an outright sale. The 81,500-square-foot climate-controlled facility comprises 713 units and has reached 58% occupancy since opening in mid-2024. The deal offers a notable example of how self-storage investors can structure returns without divesting stabilizing assets. Read the Full Article Source: PR Newswire (by…

JLL has arranged $15.534 million in construction financing for Badger Road, Bend Self Storage, a ground-up self-storage facility located at 20130 Badger Rd. in Bend, Oregon. JLL worked on behalf of the borrower, Signal Ventures, to secure the loan through Live Oak Bank. The shovel-ready development will deliver 118,800 gross square feet encompassing 92,584 net rentable square feet across 877 climate-controlled units on a strategically positioned 1.87-acre site. The JLL Capital Markets team was led by Directors Jonah Aelyon, Taylor Gimian, and John Williamson. The transaction follows JLL’s National Self…