The asset involves a 61-property Mini Mall Self Storage portfolio located across multiple states including West Virginia, Ohio, Texas, Indiana, North Carolina, Arkansas, and Alabama. The total square footage of the properties amounts to 2,500,000 square feet. The refinancing secured a loan amount of $180,000,000 through Wells Fargo.

Summary of transation details:

• Property Type: Self Storage
• Transaction Amount: $180,000,000
• Asset Address: 61 Property Portfolio
• Market: West Virginia, Ohio, Texas, Indiana, North Carolina, Arkansas, and Alabama
• Lender: Wells Fargo
• Landlord: Mini Mall Storage
• Brokers: Naphtali Marrus & Benjamin (Ben) Nevid - Meridian Capital Group
• Loan Type: Refinance

Senior Vice President Naphtali Marrus and Director Ben Nevid from Meridian Capital Group led the arrangement of this complex financing solution. The team has extensive experience, having closed over $2.5 billion in self-storage deals, and worked collaboratively with lenders such as Citi and JP Morgan in this transaction.