{"id":3140,"date":"2023-02-07T17:27:16","date_gmt":"2023-02-07T17:27:16","guid":{"rendered":"https:\/\/listselfstorage.com\/us\/industry-insights\/?p=3140"},"modified":"2023-02-07T17:27:16","modified_gmt":"2023-02-07T17:27:16","slug":"wentworth-property-sells-18-property-self-storage-portfolio-for-266-2-million","status":"publish","type":"post","link":"https:\/\/listselfstorage.com\/us\/industry-insights\/wentworth-property-sells-18-property-self-storage-portfolio-for-266-2-million\/","title":{"rendered":"Wentworth Property Sells 18-Property Self Storage Portfolio for $266.2 Million"},"content":{"rendered":"


\nPhoenix-based Wentworth Property Co., in a joint venture with an institutional equity investor, has completed the disposition of a portfolio of 18 self storage properties across Arizona, Texas, Colorado, Utah and Idaho. A New York-based investment management company acquired the portfolio for $266.2 million.<\/p>\n

\"\"<\/p>\n

In total, the portfolio includes 9,600 storage units and 1.3 million square feet of rentable space. Six properties are in the greater Phoenix area, four facilities are in the Dallas\/Fort Worth area, two assets are in El Paso, Texas, three properties are in Salt Lake City, two properties are in Denver and one asset is in Boise, Idaho.<\/p>\n

John Smeck and Alix Hanna of Colliers Arizona, along with Grant Frankel, Adam Licari, John Caraviello and Lucas Blumenfeld of Eastdil Secured\u2019s New York City office, arranged $160 million in non-recourse, fixed-rate financing for the buyer.<\/p>\n

Tom Gustafson of Colliers\u2019 National Self Storage team in Cleveland, Ohio, procured the buyer for the off-market transaction.<\/p>\n

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

Phoenix-based Wentworth Property Co., in a joint venture with an institutional equity investor, has completed the disposition of a portfolio of 18 self storage properties across Arizona, Texas, Colorado, Utah and Idaho. A New York-based investment management company acquired the portfolio for $266.2 million. In total, the portfolio includes 9,600 storage units and 1.3 million square feet of rentable space. Six properties are in the greater Phoenix area, four facilities are in the Dallas\/Fort Worth area, two assets are in El Paso, Texas, three properties are in Salt Lake City,…<\/p>\n","protected":false},"author":7,"featured_media":3141,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/3140"}],"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=3140"}],"version-history":[{"count":1,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/3140\/revisions"}],"predecessor-version":[{"id":3142,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/3140\/revisions\/3142"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media\/3141"}],"wp:attachment":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media?parent=3140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/categories?post=3140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/tags?post=3140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}