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| Barbara Guffey |
HOUSTON, TX – Holliday Fenoglio Fowler, L.P. (HFF) announced
it has closed the $35 million sale of a 23-property self-storage portfolio with
5,825 units totaling 731,875 rentable square feet located throughout Kentucky
and Ohio.
HFF marketed the portfolio on behalf of the seller, Storage
Rentals of America and America’s Storage.
Elite Stor Capital Partners purchased the assets for $47 per square foot
with a new CMBS loan.
The 92.78-percent occupied portfolio consists of 17
self-storage properties in Kentucky and six self-storage properties in
Ohio.
The 23 self-storage properties
have fully-integrated amenities at some or all of the locations, including gate
access, security cameras, video surveillance, climate controlled units, on-site
management and R/V and surface parking.
The HFF self storage team representing the seller was led by
director Barbara Guffey.
“The quality of the assets within the portfolio and the
economy of scale is what attracted Elite Stor Capital Partners to the deal,”
Guffey said. “The transaction aligns
with their strategic growth plan and is their largest portfolio acquisition to
date in the self storage space.”
For a complete copy
of the company’s news release, please contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
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