Strategic Storage Growth Trust, Inc. Acquires 840-Unit Self Storage Facility in Nantucket, MA

H. Michael Schwartz

Nantucket, MA –– Strategic Storage Growth Trust, Inc. (“SSGT”), a public non-traded real estate investment trust sponsored by SmartStop Asset Management, LLC, announced its purchase of an 840-unit self storage facility in Nantucket, Massachusetts.

“The acquisition of this stabilized property strengthens the balance sheet of Strategic Storage Growth Trust, allowing the REIT to expand its development pipeline and acquire additional properties with certificates of occupancy,” said H. Michael Schwartz, chairman and chief executive officer. 

Located at 6 Sun Island Road, the 93,000-square-foot facility was constructed in 2002 on 1.7 acres of land. The property was approximately 91 percent occupied at the time of acquisition.

Chief investment officer Wayne Johnson added, “This is the premier self storage facility on Nantucket Island, with many safety features and 17 climate-controlled wine storage units that serve the renowned Nantucket Wine & Food Festival, which draws attendees and participants from throughout New England and across the nation each year.”

For more information, please contact:

Julie Leber

 Damon Elder

Spotlight Marketing Communications

949.427.5172, ext. 703

949.427.5172, ext. 702

julie@spotlightmarcom.com

 damon@spotlightmarcom.com

Strategic Storage Trust IV Surpasses $10 Million in Subscriptions; Washington State Residents May Now Invest

  

 LADERA RANCH, CA  – Strategic Storage Trust IV, Inc., a public non-traded real estate investment trust sponsored by SmartStop Asset Management, LLC, announced the REIT surpassed $10 million in aggregate subscriptions as of June 30, 2017.

As a result of surpassing the $10 million requirement, the REIT may now accept subscriptions from investors residing in the State of Washington.

Strategic Storage Trust IV intends to qualify as a real estate investment trust for federal income tax purposes for the taxable year ending December 31, 2017 and is offering up to $1.0 billion in shares of its common stock in its primary offering, consisting of three classes of shares: Class A shares for $25.00 per share (up to $450 million in shares), Class T shares for $24.21 per share (up to $450 million in shares), and Class W shares for $22.75 per share (up to $100 million in shares).

For more information, please contact:

Julie Leber

 Damon Elder

Spotlight Marketing Communications

949.427.5172, ext. 703

949.427.5172, ext. 702

julie@spotlightmarcom.com

 damon@spotlightmarcom.com

Bull Realty Arranges $5.8 Million Land Sale for “The Malone on Peachtree” Development in Atlanta, GA

John DeYonker

ATLANTA, GA — Bull Realty arranged the sale of a 3-acre tract of land in Chamblee, GA. The sale closed on August 15th for $5,750,000.

The property will become “The Malone on Peachtree,” a 5-story, LEED certified 466,057 SF mixed-use development with approximately 205 age restricted units and 23,937 SF of retail space. The architect for the project is Coursey & Associates Architects. Renderings were released by The Atlanta Business Chronicle in May. 

Bull Realty’s John DeYonker arranged the sale between the seller, Maltese Family Holdings, LLLP, and the buyer, a subsidiary of Courtland Partners.

“This is a great location and site. The development will do well in this booming market,” said DeYonker.

“When you see land selling for $44 per square foot, it clearly illustrates the viability of walkable city centers in close-in suburban markets,” said Michael Bull, CCIM.

For more information, please contact:

Melissa Henry

Communications Manager

Bull Realty, Inc. 

404-876-1640 x 110

www.BullRealty.com

www.CREshow.com

www.ATLCREshow.com

 Info@BullRealty.com.

Bull Realty, Inc. (www.BullRealty.com) is a U.S. commercial real estate brokerage and advisory firm headquartered in Atlanta, licensed in ten states providing acquisition, disposition, leasing and advisory services. The firm also produces and hosts America’s Commercial Real Estate Show (www.CREshow.com).

Steve Forbes to Headline NAIOP South Florida Chapter’s Sept. 14 Meeting in Fort Lauderdale, FL

 

Steve Forbes

FORT LAUDERDALE, FL  – NAIOP South Florida, a Commercial Real Estate Development Organization, will welcome Forbes Media Chairman and Editor-in-Chief Steve Forbes for a presentation titled “Navigating the Economy for Business Growth and Success” at its chapter meeting on Thursday, September 14 at the NSU Museum of Art, located at 1 E. Las Olas Blvd. in Fort Lauderdale. Doors open at 4:30 p.m.

Following the presentation in the newly renovated auditorium, which will begin promptly at 5:30 p.m., a cocktail reception will take place within the Museum of Art. 

“This event is part of an extensive programming initiative that our chapter leadership started a few years ago,” said NAIOP South Florida Board of Directors President Greg Martin. “Our goal was to bring the expertise of global thought leaders and influencers to our members in South Florida, who actively shape and participate in our regional business community. I’m thrilled that we are kicking off this initiative with such an incredible speaker as Mr. Forbes.”

Greg Martin

In addition to serving as Editor-in-Chief of Forbes, Forbes is an author and widely respected prognosticator. 

As such, he is the only writer to have won the prestigious Crystal Owl Award four times for his economic forecasts. 

In 1996 and 2000, he campaigned for the Republican nomination for the presidency. Forbes continues to remain active in politics today.

Tickets for the presentation are $100 for NAIOP members and $150 for non-members. 

To register to attend, visit www.naiopsfl.org/events. Sponsors include Avison Young, Bridge Development Partners, Brody & Associates, City National Bank, Marcus & Millichap and Risk Strategies Company. For additional sponsorship opportunities, call 954-990-5116.

For more information on this news release, please contact:

954-776-1999

Pierson Grant Public Relations

Lexi Robinson, ext. 255

lrobinson@piersongrant.com

HFF announces $17.85 Million in post-acquisition financing for 1450 Veterans Boulevard in Redwood City, CA

  

1450 Veterans Boulevard Office  Building, Downtown Redwood City, CA

 SAN FRANCISCO, CA – August 23, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announces $17.85 million in post-acquisition financing for 1450 Veterans Boulevard, a three-story, 53,000-square-foot office building in downtown Redwood City, California.

Chris Gandy

The HFF team worked on behalf of the borrower, REES Properties, Inc., to secure the 10-year, fixed-rate loan through Principal Commercial Capital, Principal Real Estate Investors’ CMBS platform.  

Principal Real Estate Investors is also the primary servicer of the loan, proceeds of which will be used to refinance the existing mortgage on the property. 

In a previously announced transaction, HFF represented the seller, Griffin Capital, in the sale to REES Properties, Inc.

1450 Veterans Boulevard is located in downtown Redwood City, just one mile from the Redwood City Caltrain station, providing direct access to downtown San Francisco.  

Downtown Redwood City offers the unique combination of proximity to Stanford University, venture capital, the U.S. Highway 101 corridor and connectivity to the executive housing corridor along Interstate 280 via Woodside Road. 

The HFF debt placement team representing the borrower included director Chris Gandy and real estate analyst Jason Carlos.

Holliday Fenoglio Fowler, L.P., acting by and through Holliday GP Corp., a real estate broker licensed with the California Department of Real Estate, License Number 01385740.

For more information on this news release, please contact:

Kristen M. Murphy

Director, Public Relations

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

krmurphy@hfflp.com