LOS ANGELES, CA – HFF announced it has secured $12.5 million
in acquisition financing for an eight-property self storage portfolio totaling
3,432 units in various Ohio locations.
HFF
worked on behalf of World Class Capital Group, LLC to arrange the 10-year,
fixed-rate loan through Deutsche Bank Securities, Inc. The securitized loan was used to acquire the
properties and will be serviced by HFF.
The
portfolio is comprised of five properties in the Dayton area, two in the
Youngstown area and one in Cincinnati.
The properties, which were owned and operated by a national self-storage
REIT, total 441,914 square feet.
The
HFF team representing the borrower was led by director Christopher Vittetoe
and real estate analyst Benjamin Gallant.
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.
Contact:
Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com
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