The self-storage assets located at 92 Caton Place, 266 Wild Avenue, 55 King Street, and 507 Osborn Street in Brooklyn have been refinanced through a $100 million debt package provided by PGIMReal Estate. The loan was secured by The Carlyle Group and Sabharwal Properties to support their portfolio in New York City.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: $100,000,000
• Address: 92 Caton Place, 266 Wild Avenue, 55 King Street, 507 Osborn Street
• Market: Brooklyn
• Lender: PGIM
• Landlord: The Carlyle Group, Sabharwal Properties
• Brokers: Aaron Appel, Ari Hirt, Jonathan Schwartz, Keith Kurland, Stanley Cayre, William Herring - Walker & Dunlop

The loan arrangement was made possible by the collaboration between The Carlyle Group, Sabharwal Properties, and Walker & Dunlop, represented by brokers Aaron Appel, Ari Hirt, Jonathan Schwartz, Keith Kurland, Stanley Cayre, and William Herring. This refinancing deal underscores the strategic financial move undertaken by the parties involved, emphasizing a commitment to optimizing their self-storage assets in New York City.