ATLANTA—Self-storage assets are winning theconfidence of investors in the Southeast and beyond.Morningstar Properties and its venture partnerHarrison Street Real Estate Capital just secured a$20 million loan to refinance a seven-propertyself-storage portfolio across the Southeast.
Morningstar worked with Talonvest Capital,which identified multiple financing options on the360,000-square-foot self-storage portfolio. Theloan included senior and mezzanine notes for self-storageproperties in North Carolina, South Carolina, and Georgia.
Eric Snyder, Jim Davies andTom Sherlock, principals of Talonvest, handled theassignments on behalf of Morningstar. Sherlock tells GlobeSt.comthere was a significant amount of competition for theself-storage portfolio loan.
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