Newmark announced the firm has brokered a recapitalization and new joint venture between Hines and CubeSmart for a 14-property self-storage portfolio located across the Dallas-Fort Worth metroplex. Newmark advised Hines on the recapitalization.
The portfolio, which encompasses more than 9,700 units across more than 1.25 million net rentable square feet, operates under the CubeSmart brand. Situated in key Dallas-Fort Worth submarkets, including Arlington and Plano, the assets capitalize on rapid population growth and increasing local demand for self-storage solutions.