{"id":10557,"date":"2025-12-23T13:16:02","date_gmt":"2025-12-23T13:16:02","guid":{"rendered":"https:\/\/listselfstorage.com\/us\/industry-insights\/?p=10557"},"modified":"2026-02-13T10:16:59","modified_gmt":"2026-02-13T10:16:59","slug":"blackrock-provides-102m-refi-for-self-storage-portfolio-across-six-different-us-states","status":"publish","type":"post","link":"https:\/\/listselfstorage.com\/us\/industry-insights\/blackrock-provides-102m-refi-for-self-storage-portfolio-across-six-different-us-states\/","title":{"rendered":"BlackRock Provides $102M Refi for Self Storage Portfolio Across Six Different US States"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><br \/>\n<img loading=\"lazy\" class=\" wp-image-10558 aligncenter\" src=\"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2025\/12\/BlackRock.png\" alt=\"\" width=\"701\" height=\"466\" \/><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">BlackRock Managed Funds and Accounts has provided Basis Industrial with a $101.5 million refinancing loan for a seven-property self storage portfolio. The assets are located across six different states, namely Massachusetts, New York, New Jersey, Pennsylvania, Michigan and Florida. Arrow Real Estate Advisors arranged the deal on behalf of the ownership.<\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">The seven facilities are the first properties within Basis Industrial\u2019s portfolio to be developed and opened since the company began its self storage development program in 2021.<\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Arrow Real Estate Advisors Managing Partner Morris Betesh and Senior Vice President Morris Dabbas, together with Basis Industrial COO Anthony Scavo worked on behalf of Basis Industrial in securing the financing. BlackRock Executive Director Daniella Marca represented BlackRock Managed Funds and Accounts in the deal.<\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: large;\"><b>A closer look at the traded properties<\/b><\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">The seven, fully climate-controlled self storage properties in the portfolio are as follows:<\/span><\/span><\/span><\/p>\n<ul>\n<li><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">The 113,640-square-foot Public Storage facility in Voorhees, N.J., at 111 Centennial Blvd. Opened last week, on Dec. 19, 2025, the property comprises 855 units across one two-story building on a 7-acre site.<\/span><\/span><\/span><\/li>\n<li><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">The 157,599-square-foot Public Storage facility in Berkeley Heights, N.J., at 135 Industrial Road. The property opened Feb. 12, 2025 with 1,348 units.<\/span><\/span><\/span><\/li>\n<li><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">The 126,383-square-foot Extra Space Storage facility in York, Pa., at 2899 Whiteford Road. Opened on May 1, 2022, the property features 1,000 units a two-story building on a 7-acre site and is currently 89 percent occupied.<\/span><\/span><\/span><\/li>\n<li><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">The 71,550-square-foot Extra Space Storage facility in Carmel, N.Y., at 155 Hughson Road. Opened on May 16, 2023, the property is currently 86 percent occupied and encloses 501 units in a two-story building standing on 11 acres of land.<\/span><\/span><\/span><\/li>\n<li><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">The 111,422-square-foot Public Storage facility in Plymouth, Mass., at 5 Resnik Road. Opened Oct. 25, 2023, the 806-unit property is currently 87 percent occupied.<\/span><\/span><\/span><\/li>\n<li><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">The 126,741-square-foot Extra Space facility at 2560 Aurora Road in Melbourne, Fla. The property began serving customers on Aug. 1, 2025, featuring its 992 units across 4 acres.<\/span><\/span><\/span><\/li>\n<li><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">And the 78,187-square-foot Public Storage facility in Detroit, Mich., at 1610 Algonquin St. Recently opened, on Nov. 20, 2025, the property encloses 645 units across a 6-acre site and is currently only 5 percent occupied.<\/span><\/span><\/span><\/li>\n<\/ul>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: large;\"><b>Basis Industrial keeps busy<\/b><\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Basis Industrial\u2019s self storage portfolio comprises more than 2 million square feet across 150,000 units, enclosed within either open and operational, under construction or planned properties. Currently, the firm has 11 facilities in various stages of development, out of which four are slated to open in 2026.<\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">One of such properties is a 121,500-square-foot self storage development in Long Island\u2019s Rockville Centre, N.Y., for which Basis Industrial secured a $27 million construction loan last month. NexBank and NexPoint issued the senior and mezzanine notes, respectively.<\/span><\/span><\/span><\/p>\n<p><a href=\"https:\/\/www.multihousingnews.com\/blackrock-provides-102m-refi-for-self-storage-portfolio\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"text-decoration: underline;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Source<\/span><\/span><\/span><\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BlackRock Managed Funds and Accounts has provided Basis Industrial with a $101.5 million refinancing loan for a seven-property self storage portfolio. The assets are located across six different states, namely Massachusetts, New York, New Jersey, Pennsylvania, Michigan and Florida. Arrow Real Estate Advisors arranged the deal on behalf of the ownership. The seven facilities are the first properties within Basis Industrial\u2019s portfolio to be developed and opened since the company began its self storage development program in 2021. Arrow Real Estate Advisors Managing Partner Morris Betesh and Senior Vice President&hellip;<\/p>\n","protected":false},"author":13,"featured_media":10558,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[23,4,56],"tags":[],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/10557"}],"collection":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/comments?post=10557"}],"version-history":[{"count":2,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/10557\/revisions"}],"predecessor-version":[{"id":10572,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/10557\/revisions\/10572"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media\/10558"}],"wp:attachment":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media?parent=10557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/categories?post=10557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/tags?post=10557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}