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Rialto, YourStorageUnits joint venture gets $140 million revolver
By Marisa Wong
Los Angeles, June 22 – A joint venture between Rialto Capital Management and YourStorageUnits obtained a $140 million secured revolving credit facility from Natixis CIB, according to a press release.
The facility is secured by seven recently constructed self-storage properties located in Florida, Georgia and South Carolina, comprising more than 5,000 units in aggregate. The facility will be used to acquire additional self-storage assets that are undergoing development by YourStorageUnits.
Rialto Capital is a real estate investment and asset management company based in Miami.
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