Ben Macfarland Of SROA Capital Acquires Self Storage Facility In Houston From Ryan Hanks

SROA Capital has acquired a self-storage portfolio consisting of five properties totaling 2,327 units. The properties are located at 12610 Tanner Road, 4100 West 34th, 2919 South Highway 146, 3346 Pawtucket Avenue, and 1115 Main Street. The total rentable space across these properties exceeds 340,000 square feet, and they have been rebranded under SROA’s Storage Rentals of America brand.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: Not disclosed
• Units: 2,327
• Buyer: Ben Macfarland - SROA Capital
• Seller: Ryan Hanks - Madison Capital Group
• Brokers: Adam Roossien, Brian Somoza, Matthew Wheeler, Steve Mellon - JLL
• Lender: Northwestern Mutual
• Mortgage Broker: Griffin Guthneck - JLL

This transaction reflects the involvement of key players in the real estate and finance sectors, with JLL facilitating the deal as brokers. Northwestern Mutual played a crucial role by providing a $65 million acquisition loan to support the transaction.