Starwood Property Trust And Realterm Provide $672 Million Refinance Loan For Industrial Outdoor Storage Portfolio

The asset involved is an industrial outdoor storage portfolio comprising 78 properties, covering an area of 830 acres across 33 U.S. markets. The loan amount for this refinance transaction is $672,000,000. The portfolio is owned by affiliates of Stonemont Financial Group and Cerberus Capital Management, reflecting current market demands for outdoor storage assets linked to e-commerce and supply-chain requirements.

This transaction highlights key players in the lending and ownership sectors, with Starwood Property Trust and Realterm facilitating the loan, which aims to refinance existing debt. The involvement of Zack Markwell and Frank Bruno as landlords showcases their significant roles in the management of the industrial outdoor storage properties.