BREAKING NEWS

RNR Real Estate Briefs – HOU, AUS, DAL & more

East River Adding Art to the Mix

Major Warehouse Lease Signed

Unilev Taps Stream Realty

58 Cities Drop Off Million-Dollar Home List

RNR Real Estate Briefs – HOU, AUS, DAL & more

REALTY NEWS REPORT - Logo

Banner
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact
FacebookLinkedinYoutubeEmail
REALTY NEWS REPORT - Logo

NKF Capital Markets Completes Sale of 22-Property Self-Storage Portfolio

by Realty News ReportSeptember 19, 2018
Share0
Aaron Swerdlin

HOUSTON – (Realty News Report) – NKF Capital Markets has completed the sale of a 22-property self-storage portfolio acquired by a Texas-based investment firm.

The buyer, Etude Capital Storage Holdings LLC, said the transaction includes land that allows for the construction of additional self-storage properties.

The self-storage segment has attracted considerable investor interest, according to NKF Capital Markets, which originated debt and equity for the acquisition.

“The self storage product type continues to broaden its esteem within the real estate investment community. As we’ve observed for the last several years, there continues to be more capital looking to deploy into the space than there are deals into which that capital can land,” commented Aaron Swerdlin, Vice Chairman of NKF Capital Markets.

The 1.1 million SF portfolio includes 22 properties in nine markets in Texas, Oklahoma and Florida.

“Fewer large portfolios have come to market during the last several months so interest in this deal was very deep and very diverse,” said Kenneth Cox, executive managing director of NKF Capital Markets.

“Raising the preferred equity and the senior debt as a part of the acquisition made this a challenging deal, but given the strength of the deal and the upside opportunities within the portfolio, there was a strong appetite from various capital sources,” said Swerdlin.

“The ability to achieve scale in a single transaction was key to this acquisition. 1.1 million SF packaged with 500,000 SF of planned expansion provides a platform to take advantage of future opportunities,” said Steven Stein, President of Etude Capital.

The property management of the portfolio has been outsourced to a publicly traded self-storage REIT.

Swerdlin and Cox head up NKF Capital Markets’ Self Storage Group and together have led more than $6.5 billion in self-storage transactions during their career.

Sept. 19, 2018 Realty News Report Copyright 2018
Share0
previous post
Houston’s Industrial Building Boom: Q&A with Robert Clay of Clay Development
next post
Stonelake Developing 15-Story Office Tower on Westheimer in Houston’s Inner Loop

Related posts

RNR Real Estate Briefs – HOU, AUS, DAL & more

Realty News ReportMarch 25, 2023

East River Adding Art to the Mix

Realty News ReportMarch 23, 2023

Major Warehouse Lease Signed

Realty News ReportMarch 22, 2023

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Search News

Partners Ad
CBRE Ad
Arch Con Corporation Ad
Hines Ad
Avera Ad
Ziegler Cooper Ad
Lee & Associates Ad
2021 Realty News Report Ad
Property Logos
RNR - Lincoln Property Company
Hal Gordon - Property Tax Lawyer
Hunington Ad
Evergreen Commercial Realty
STREAM Ad
Hunington Ad

Let's Connect

logo
About US
Author Ralph Bivins is editor of Realty News Report, which covers regional and national news. Bivins recently received the Gold Award for Best Column in the National Association of Real Estate Editors Journalism Competition. Contact us
Follow us
FacebookLinkedinYoutubeEmail
@2022 All Right Reserved. Powered by CGS Digital Marketing
REALTY NEWS REPORT - Logo
FacebookLinkedinYoutubeEmail
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact