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Situation/Challenges
  • Acquisition financing
  • 309 non-climate controlled units and 18 uncovered RV/vehicle parking spaces
  • 94% occupied
  • Property has some areas of deferred maintenance due to previous owner's passive management
Solutions/Highlights
  • Sponsors have extensive knowledge owning and managing self-storage, with similar properties throughout the U.S.
  • Sponsors plan to immediately address repairs and deferred maintenance
  • Non-recourse
  • 10-year term