The portfolio is approximately 90% occupied, and geographically diverse as it spans three states.
HOUSTON—Funding totaling $87 million was recently secured on behalf of SROA Capital for the refinancing of a 36-property portfolio of self-storage facilities. JLL's Griffin Guthneck represented SROA Capital to arrange the five-year interest-only 3.21% fixed-rate senior lien from a syndication of multiple banks.
The portfolio, which is approximately 90% occupied, is geographically diverse and spans three states, with four properties in Florida, 13 in Kentucky and 19 in Ohio. The portfolio is owned in one of SROA Capital's current real estate funds.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
