This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

NGKF Capital Markets Represents Clarion Partners And Private Mini Storage In $326.2 Million Sale Of 36 Self Storage Properties In Texas And North Carolina To Joint Venture Headed By CubeSmart

NEW YORK, Dec. 12, 2013 /PRNewswire/ -- NGKF Capital Markets has completed the sale of 36 self storage properties for $326.2 million on behalf of its clients, a partnership of Clarion Partners and Private Mini Storage and Private Mini Storage individually.

(Logo:  http://photos.prnewswire.com/prnh/20121115/NY14588LOGO )

The portfolio amounts to more than three million square feet and includes 28 properties in Houston, seven in Austin, Texas, and one in Charlotte, N.C. A subsidiary of CubeSmart (NYSE: CUBE) and a joint venture partner purchased the assets.

"This truly was one of the most unique portfolio opportunities in the self storage space I've ever seen," said Aaron Swerdlin, executive managing director with NGKF Capital Markets. "The geographic concentration in Austin and Houston, two of the best economies in the country, really accentuated the value of the high quality self storage portfolio that Clarion and Private Mini had developed and assembled."

Mr. Swerdlin, who is based in Houston, together with Memphis, Tenn.-based Kenneth Cox, heads NGKF Capital Markets' Self Storage Group.  The two have handled more than $5 billion in self storage transactions throughout their careers. The group provides clients with a single-source solution for every phase of a self storage transaction, from strategic planning, value enhancement, pre-marketing consulting and operations analysis to dispositions, debt placement, proprietary lending and equity assignments.

"We continue to enhance our platform so that we are equipped to most effectively assist REITs, institutional investors and private investors who have diverse needs, and are committed to helping them make intelligent decisions about their real estate portfolios," said Jimmy Kuhn, NGKF President and head of NGKF Capital Markets. "Investors are looking for yield and are finding difficulty in the major food groups and in the traditional markets. Self storage, medical office and other alternative asset classes are more in demand in search of that yield.

"Aaron and Kenneth are recognized leaders in the self storage space. Their knowledge and long-standing relationships are invaluable for investors exploring the self storage asset class."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs