Metro Self Storage & Fremont Realty Refinance 20-Property Self Storage Portfolio For $185M

The self-storage portfolio, located in Illinois, New Jersey, Pennsylvania, Minnesota, New York, and Wisconsin, spans 1,550,000 square feet, comprising 14,215 units. The property was the subject of a $185 million loan to refinance the assets, secured by Metro Self Storage and Fremont Realty Capital.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: $185,000,000
• Address: Self Storage Portfolio
• Market: Illinois, New Jersey, Pennsylvania, Minnesota, New York, Wisconsin
• Lender: Jon Miller - Värde Partners
• Landlord: Metro Self Storage; Fremont Realty Capital
• Brokers: Eric Snyder, Kim Bishop, Lauren Maehler, Mason Brusseau & Tom Sherlock - Talonvest Capital
• Loan Type: Refinance
• Loan Terms: Three-year initial term with two one-year extension options

The $185 million loan for the self-storage portfolio was facilitated by Värde Partners and arranged by Talonvest Capital, with key individuals including Eric Snyder, Kim Bishop, Lauren Maehler, Mason Brusseau, and Tom Sherlock representing the involved parties in the transaction.