J
LL Capital Markets has completed the sale and financing of a five-property self-storage portfolio in Houston, Texas, and Providence, Rhode Island. The portfolio comprises 2,327 units across three Texas locations - Bacliff, Houston, and one in East Providence and Hope Valley in Rhode Island.

    The properties, branded under Go Store It, feature single and two-story drive-up facilities with a mix of climate-controlled and non-climate-controlled units, on-site security, and RV and boat storage at select sites. The portfolio totals over 340,000 square feet and is well-occupied.

    JLL represented the seller, Madison Capital Group and Cerberus Capital Management affiliates, in the sale and secured acquisition financing for the buyer. JLL's Self Storage team was led by Directors Matthew Wheeler and Adam Roossien, while Senior Managing Directors Brian Somoza and Steve Mellon also played key roles.

    The JLL Debt Advisory team, led by Managing Director Griffin Guthneck, represented the buyer/borrower in securing financing. JLL Capital Markets is a global provider of capital solutions for real estate investors and occupiers, with over 3,000 specialists worldwide across nearly 50 countries.