JLL Capital Markets led the $108 million financing effort on behalf of Hines and Trez Capital for a 13-property self-storage portfolio in the Dallas-Fort Worth Metroplex

  

 Robb DeJean

DALLAS, TX - JLL Capital Markets has arranged a $108 million financing with New York Life Real Estate Investors for a 13-property, self-storage portfolio located throughout the Dallas-Fort Worth Metroplex.

 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

 “We are excited to expand Hines’ longstanding relationship with New York Life Real Estate Investors and want to thank all parties involved, including JLL who led these efforts.”

 

"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.” 

John Bauman

The JLL Capital Markets Debt Advisory team representing Hines included Director John Bauman and Analyst Jordan Buck.

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

 

jll.com.

www.hines.com 

www.trezcapital.com.