Prime Group Holdings' Robert Moser Secures $575M Refinance Loan For 34-Property Portfolio
$575,000,000
$147/SF
Building Size
3,900,000 SF
Asset Type
Self Storage
Closing
Oct 7, 2025
AI
The asset involved in this transaction is a mixed-use portfolio including self-storage, office, industrial, and lab spaces, covering a total of 3,900,000 square feet, located at 34 Asset Portfolio. The refinancing transaction secured a substantial loan amount of $575,000,000, although the market value was not specified.
Summary of transation details:
- Property Type: Mixed Use
- Transaction Amount: $575,000,000
- Lender: Jane Fraser - Citigroup and David Solomon - Goldman Sachs
- Landlord: Robert Moser - Prime Group Holdings
- Brokers: Drew Anderman, Eddie Haber, Jared Fried, and AJ Bruno - CBRE
- Loan Type: Refinance
This refinancing transaction was facilitated by CBRE for a 34-property portfolio that spans multiple US states, showcasing the collaborative effort of the brokerage team involved in the deal.
Players
Market Self Storage Market Snapshot
Boundary boundary · Self Storage · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.03%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93