Related Cos. Acquires Self Storage Portfolio In Arizona, Colorado, Texas, Utah & Idaho For $266M | Colliers brokers deal for $266,000,000 self storage portfolio | The Guardian Life Insurance Company of America | Self Storage | Sale

Summary

Sale

TEXAS

Self Storage

1,300,000 sqft

The Self Storage Portfolio, consisting of 9,600 units and spanning 1,300,000 square feet, has been sold in a transaction valued at $266,000,000. The portfolio is located in Arizona, Colorado, Texas, Utah, and Idaho.

Summary of transation details

Property Type: Self Storage
Transaction Amount: $266,000,000
Units: 9,600
Square Footage: 1,300,000
Market: Arizona, Colorado, Texas, Utah, Idaho

The buyer of the Self Storage Portfolio is Related Cos. The seller, on the other hand, is Wentworth Property Co. The transaction was facilitated by Tom Gustafson from Colliers.

The lender for this deal is Guardian Life Insurance Co. The mortgage brokers involved are John Smeck and Alix Hanna from Colliers, as well as Eastdil Secured.

Players

All
1

Lenders
1

The Guardian Life Insurance Company of America

Details

Deal Summary

SOLD

IMAGE: John Smeck & Alix Hanna (@AlixHanna) DATE: 02/01/2023 ADDRESS: Self Storage Portfolio MARKET: Arizona, Colorado, Texas, Utah & Idaho ASSET TYPE: Self Storage ~ UNITS: 9,600 ~ SF: 1,300,000 BUYER: Related Cos. (@RelatedCos) SELLER: Wentworth Property Co BROKER: Tom Gustafson - Colliers (@ColliersInternational) LENDER: Guardian Life Insurance Co MORTGAGE BROKERS: John Smeck & Alix Hanna - Colliers; Eastdil Secured SALE PRICE: $266,000,000

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AddressColliers brokers deal for $266,000,000 self storage portfolio

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