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| Robb DeJean |
On behalf of the borrower, a joint venture between Hines and Trez Capital, JLL Capital Markets arranged the five-year, fixed-rate loan through New York Life Real Estate Investors, who was able to provide an early rate lock, interest-only payments, and prepayment flexibility early in the loan term.
“This transaction marks a key milestone for our
self-storage platform, reflecting our strategy to deliver Class A, accessible
storage solutions in high barrier markets,” stated Robb DeJean, Managing
Director at Hines.
 |
| John Hutchinson |
"Our strategic partnership with Hines in our
self-storage portfolio has yielded a remarkable investment opportunity," said John
Hutchinson, Co-CEO and Global Head of Origination at Trez Capital.
"Partner selection is critical at Trez Capital,
and by leveraging Hines' industry expertise, and the attractive long-term
financing provided by New York Life Real Estate Investors, we have delivered
exceptional value to our investors with this transaction.”
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| John Bauman |
 |
| Jordan Buck |
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.
The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization.
The firm has more than 3,000
Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL’s newsroom.
Contact:
Kristen Murphy,
JLL Director,
Public Relations
Phone: +1 617 543 4873
Email: Kristen.Murphy@jll.com
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