MIAMI—Newmark Knight Frank has arranged a $44.3 millionfloating-rate loan for Miami City Self Storage (MCSS) for therefinance of three self-storage facilities in Southern Florida. Twoare in Miami and one is in Fort Lauderdale. The three facilitiescombine for a total of 1,836 units and 237,044 square feet.
"Although the market is starting to see some pockets ofover-supply, occupancy rates in the submarkets these assets arelocated remain strong," Jordan Roeschlaub, Newmark Knight Frank'svice chairman and co-head of debt and structured finance, tellsGlobeSt.com.
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