Beacon Realty Capital Closes Record Volume of Self-Storage Loan Transactions in 2007

Chicago, IL, January 31, 2008 Beacon Realty Capital, a commercial real estate financial services firm with a specialized self-storage lending group, announced it closed a record-setting $166,754,300 in self-storage property transactions in 2007, amidst a changing and challenging capital market environment.

The firm’s 55 separate transactions were for self-storage properties located in 22 states: Alabama, Arizona, California, Florida, Georgia, Illinois, Indiana, Louisiana, Massachusetts, Michigan, Minnesota, Montana, North Carolina, New Jersey, Ohio, South Carolina, Tennessee, Texas, Utah, Vermont, Washington and Wisconsin. Beacon’s self-storage team worked with 13 lenders from its nationwide network of capital sources to negotiate terms and complete these deals. Continue reading