Newmark has arranged $360 million in financing for a 50-asset, 3.9 million-square-foot national self-storage portfolio on behalf of Angelo Gordon and Andover Properties.
The portfolio is well-leased and located in strong primary markets and submarkets across the United States.
Andover Properties is one of the largest owner-operators of self-storage facilities in the country. The portfolio now totals over 12.1 million square feet across 152 facilities in 18 states and operates under the Storage King USA brand.
