Reliant Real Estate Management Secures $86 Million Refinance Loan From New York Life Insurance

The asset involved in this transaction is a self-storage facility, encompassing a total of 701,206 square feet with 5,975 units. It is located at multiple addresses including 6822 Collier Boulevard, 2925 North Poinciana Boulevard, 2465 Anderson Snow Road, 530 South Spring Garden Avenue, 196 Ecusta Road, 5272 Highway 20 South, 2709 Gordon Highway, 235 Highway 314, and 2761 Dawsonville Highway. The market areas for these properties include Naples, Kissimmee, Spring Hill, and DeLand in Florida; Brevard in North Carolina; and Covington, Augusta, Fayetteville, and Gainesville in Georgia.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: $86,000,000
• Loan Type: Refinance
• Loan Terms: interest-only
• Lender: New York Life Insurance
• Landlord: Reliant Real Estate Management
• Brokers: Andy Bratt, Amit Tyagi & Sean Kuang - Gantry

This transaction involved key individuals and organizations, with New York Life Insurance serving as the lender. Reliant Real Estate Management is identified as the landlord responsible for the property. The brokerage team facilitating the deal comprises Andy Bratt, Amit Tyagi, and Sean Kuang, representing the parties involved in the transaction through their firm, Gantry.