Safely Store Self Storage Secures $160 Million Loan From J.P. Morgan Chase For Portfolio Financing

The property involved in this transaction is a self-storage facility located at 2661 Briarcliff Road Northeast in Atlanta, GA. It encompasses a total of 115,644 square feet. The transaction involves a loan for $160 million.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: $160,000,000
• Lender: Jamie Dimon - J.P. Morgan Chase
• Landlord: Tyler Colpini - Safely Store Self Storage
• Brokers: Brian Somoza, John Bauman, Jordan Buck & Shishir Reddy - JLL

This financing arrangement includes an 11-property self-storage portfolio across seven U.S. markets. The arrangement was facilitated by JLL Capital Markets and supports a platform backed by a $400 million institutional investment, encompassing a total portfolio of 872,000 rentable square feet, which includes operating, under-construction, and pipeline assets managed by Extra Space Storage.