Texas/Georgia self storage portfolio

Self storage | Various

Photo: Google Maps

Acquisition financing for a two-property self-storage portfolio, totaling 1,970 self storage units, situated just outside San Antonio and Atlanta

Investment highlights

  • The San Antonio unit is a three-story property situated on two acres with 92,727 square feet across 1,115 units.
  • The Atlanta unit is a five-building property situated on five acres with 94,487 square feet across 855 units.
  • The properties are located a short distance from downtown San Antonio and Atlanta, respectively, with strong population and income demographics.

Locations


Investment details1

Total loan size
$19,700,000
Purpose
Acquisition financing
LTV
78.5%
Date of loan
02/27/20
Year built
2019
Square feet
187,214


  • FS Credit REIT is an illiquid product and it’s failure to qualify or remain qualified to be taxed as a REIT would adversely affect the NAV of its shares and the amount of cash available for distribution to stockholders.

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