{"id":2037,"date":"2022-05-03T13:35:42","date_gmt":"2022-05-03T13:35:42","guid":{"rendered":"http:\/\/listselfstorage.com\/us\/industry-insights\/?p=2037"},"modified":"2022-05-03T13:37:16","modified_gmt":"2022-05-03T13:37:16","slug":"prime-group-holdings-secures-102-million-loan-for-self-storage-portfolio","status":"publish","type":"post","link":"https:\/\/listselfstorage.com\/us\/industry-insights\/prime-group-holdings-secures-102-million-loan-for-self-storage-portfolio\/","title":{"rendered":"Prime Group Holdings Secures $102 Million Loan for Self Storage Portfolio"},"content":{"rendered":"


\nAn affiliate of the self storage owner and operator Prime Group Holdings LLC has secured a $102.5 million loan for the acquisition of a five-property self storage portfolio.<\/p>\n

Given Prime\u2019s excellent track-record, we look forward to their continued success in these markets.\u201d<\/p><\/blockquote>\n

The 4,000-unit portfolio is situated across three states in New England. Each of the five best-in-class properties are newly-built assets and well-located within their respective markets.<\/p>\n

\n

H.I.G. Realty Credit Partners, an affiliate of global alternative investment firm H.I.G. Capital, originated the loan for the buyer.<\/p>\n

\u201cWe are excited to finance an asset class with such strong fundamentals,\u201d states Michael Mestel, managing director at H.I.G. Realty Credit Partners. \u201cGiven Prime\u2019s excellent track-record, we look forward to their continued success in these markets.\u201d<\/p>\n

Source<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

An affiliate of the self storage owner and operator Prime Group Holdings LLC has secured a $102.5 million loan for the acquisition of a five-property self storage portfolio. Given Prime\u2019s excellent track-record, we look forward to their continued success in these markets.\u201d The 4,000-unit portfolio is situated across three states in New England. Each of the five best-in-class properties are newly-built assets and well-located within their respective markets. H.I.G. Realty Credit Partners, an affiliate of global alternative investment firm H.I.G. Capital, originated the loan for the buyer. \u201cWe are excited…<\/p>\n","protected":false},"author":7,"featured_media":462,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/2037"}],"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\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/comments?post=2037"}],"version-history":[{"count":1,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/2037\/revisions"}],"predecessor-version":[{"id":2038,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/2037\/revisions\/2038"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media\/462"}],"wp:attachment":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media?parent=2037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/categories?post=2037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/tags?post=2037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}