ORLANDO,
Fla., July 25, 2024 /PRNewswire/ -- Storage
Units Capital, a self-storage real estate investment firm,
announced today that it has secured a $75
million construction loan through Beal Bank and Crow
Holdings for the development of Class A self-storage properties in
submarkets of Orlando and
Tampa.
"We are pleased to have secured financing in today's challenging
environment on favorable terms for the construction of five
state-of-the-art self-storage facilities," said Sean Casterline, channel marketing director for
Storage Units Capital. "The properties are strategically positioned
along major thoroughfares and in densely populated regions that
continue to benefit from economic growth, and we have purposefully
designed them to optimize tenant demand."
The company plans to utilize the loan proceeds to build
approximately 4,000 units at five properties located in
Fort Myers, Fort Pierce, Vero
Beach, Sebring and
Cocoa. The facilities will offer
an array of modern features, including climate-controlled units,
interior drive-through unloading zones, covered canopy boat/RV
parking, drive-up storage and some retail/office space.
Equity for the projects was provided by Storage Units Income
Fund II, an affiliate of the company, that is actively raising
equity from accredited investors in support of its strategy to make
ongoing investments in the development of new, Class A self-storage
facilities predominantly located in high-demand markets in the
southern part of the United
States.
Storage Units Income Fund II securities are offered through
Arete Wealth Management LLC and is being conducted pursuant to Rule
506(c) of Regulation D.
About Storage Units Capital
Storage Units
Capital is a self-storage real estate investment and management
firm that specializes in the development, acquisition, and
management of state-of-the-art self-storage facilities across the
southeast United States. Storage
Units Capital aims to provide modern, never-before-seen features
for its users and income and growth potential for its investors. To
learn more, visit storageunitscapital.com
Contact:
|
Jennifer
Franklin
|
|
Spotlight Marketing
Communications
|
|
(949)
427-1385
|
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jennifer@spotlightmarcom.com
|
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SOURCE Storage Units Capital