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ACQUISITION: Newmark Group advises Blackstone Real Estate Income Trust on the $2.2 billion sale of Simply Self Storage to Public Storage. The portfolio comprises 127 properties totaling approximately 9 million NRSF across 18 U.S. states, with a strong concentration in high-growth Sunbelt markets representing about 65% of assets. The sale was advised by Newmark Capital Markets’ national self-storage practice led by Vice Chairman Aaron A. Swerdlin and his team. Public Storage financed the acquisition through senior unsecured notes and completed the transaction swiftly, with expectations of earnings accretion as the portfolio stabilizes.

ACQUISITION: Argus Self Storage Advisors affiliate Jones Investment Real Estate announces the sale of an Extra Space Storage facility located in Broken Arrow, Oklahoma. The institutional-grade, third-party managed asset totals 48,685 RSF and is fully stabilized, with additional value-add upside through future expansion and a retail pad site disposition opportunity. The transaction underscores continued demand for well-located, REIT-managed self-storage assets with clear value-add components. The transaction was led by CCIM Jared Jones, who represented both the seller and the buyer, both of which were private parties.

ACQUISITION: Cushman & Wakefield arranges the $50.7M sale of a trophy self-storage facility in Bellevue, Washington. The Class A facility totals 103,397 SF with 988 units on approximately 1.22 acres and was built in 2016. The property is 93% occupied and includes a mix of climate-controlled and drive-up units, reflecting strong operational performance in a supply-constrained submarket. Located in Bellevue’s Bel-Red corridor, the asset benefits from high-income demographics, limited competitive supply, and strong population density within a three-mile radius. The seller, Commune Capital, was represented by Mike Mele, Luke Elliott, Jim Lewis, and Steffan Brown. The buyer was Premier Storage Investors.

FINANCING: Talonvest Capital secures a $40.2M, five-year, non-recourse refinancing for a five-property self-storage portfolio on behalf of long-time client William Warren Group. The financing features full-term interest-only payments and was structured as permanent debt across multiple U.S. markets. The portfolio totals 4,061 units across New York, Connecticut, Arizona, Colorado, and Florida, reflecting a geographically diversified, stabilized self-storage platform with strong operational performance. During the rate lock process, Talonvest negotiated improved lender pricing as credit spreads widened, reducing the rate by 11 basis points and generating estimated savings of more than $200,000 for the borrower. The Talonvest team included Eric Snyder, Kim Bishop, Carson Kurland, Mason Brusseau, and Lauren Maehler, who coordinated the portfolio refinancing and execution process.

58,410 SF Building | 2.88% Cap Rate | 382 Units | 59.0% Occupancy

39,925 SF Building | 214 Units | 7,400 Parking RSF | 88.8% Occupancy | 6.10% Cap Rate

25,167 SF Building | 182 Units & 30 Parking Spaces | 6.69% Rate

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