FINANCEDSelf Storage
Rosewood Property Co. Secures $125M Refinance For Self Storage Portfolio Across Five States
$125,000,000
$104/SF
Building Size
1,200,000 SF
Asset Type
Self Storage
Closing
May 12, 2025
AI
A 19-property self-storage portfolio located in Pennsylvania, Maryland, New Jersey, Indiana, and Kentucky was involved in a refinance deal. The portfolio comprises 9,970 units covering a total of 1,200,000 square feet.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $125,000,000
- Loan Type: Refinance
- Lender: Paul Geyer - PGIM
- Landlord: Rick Perdue & Brandon Cooke - Rosewood Property Co.
- Brokers: Aaron Swerdlin, Andrew Warin, Clint Frease, John Caraviello, Jonathan Firestone, Jordan Roeschlaub & Nick Scribani - Newmark
Players
PGIM Lender
Market Self Storage Market Snapshot
Boundary boundary · Self Storage · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93