Tuesday, August 28, 2012

HFF secures $29 million financing for 12-property self storage portfolio in Dallas and Houston

LOS ANGELES, CA – HFF announced today that it has secured $29 million in financing for a 12-property self storage portfolio totaling 7,964 units in Dallas and Houston, Texas.

HFF worked exclusively on behalf of World Class Capital Group, LLC to arrange the 10-year, fixed-rate loan through Morgan Stanley Mortgage Capital, Inc.  The securitized loan was used to acquire the properties and will be serviced by HFF.

The portfolio is comprised of three properties in Dallas, seven in Houston and two in League City (suburban Houston).  The properties, which were owned and operated by a national self-storage REIT, total 909,520 square feet.

The HFF team representing the borrower was led by director Christopher Vittetoe (lower right photo).

World Class Capital Group, LLC is a leading private investment firm based in Austin, Texas.  The firm pursues opportunities in all U.S. markets and has a distinct focus on alternative investments, primarily real estate and private equity.


CHRISTOPHER VITTETOE                                   
 HFF Director                                                                   
 (310) 407-2100                                                            
HFF Associate Director, Marketing
(713) 852-3500

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