REBusinessOnline

HFF SECURES $70M FOR 19-PROPERTY SELF STORAGE PORTFOLIO

CHICAGO — HFF has arranged $70 million in financing for a 19-property self storage portfolio totaling 1.26 million square feet in various locations in Illinois, Ohio, Florida, Nevada, Rhode Island and New York. HFF worked on behalf of Chicago-based Harrison Street Real Estate Capital to arrange the two-year, floating-rate loan through a national bank. The assets in the 11,238-unit portfolio are 83 percent leased. Morningstar Mini-Storage and CubeSmart manage the properties. Stephen Skok and Timothy Joyce, managing directors, led the HFF team representing the borrower.

Content Partners
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