Fulton advised a high-net-worth investor on the acquisition of three self-storage properties in Alabama. In addition to sourcing and negotiating the transaction, Fulton's advisors secured CMBS and convertible debt financing to facilitate the deal.
The 110,000 SF portfolio includes 750 storage spaces and extensive covered and surface parking. Located in a high growth market, the almost fully occupied facilities have considerable upside potential.
Third-party professional management, arranged by Fulton, will make operational and business plan changes to increase the portfolio's performance.
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