$250m credit facility arranged for United Hampshire US REIT
JLL Capital Markets has arranged a $250 million credit facility for United Hampshire US REIT, a Singapore REIT.
The REIT’s principal investment strategy is focused on investing in a diversified portfolio of stabilized, income-producing grocery-anchored and necessity-based properties and self-storage facilities in the United States. It owns a portfolio of 21 grocery-anchored and necessity-based retail properties and two self-storage properties, totalling approximately 3.8 million square feet across the East Coast.
Robert Schmitt, CEO of the manager of the REIT, said, “This new credit facility significantly increases our weighted average debt maturity and eliminates any near-term loan refinancing requirements until 2024. Most importantly, the new debt facility will allow us to focus on optimizing the performance of our properties while providing us the opportunity to grow the portfolio and deliver healthy returns to our unitholders.”