Andover, TPG Angelo Gordon Land $315M refinancing for 43-asset self storage portfolio

11/5/2024

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MHN

• Subcategory: Capital Markets: Debt, Industrial: Storage

• Tag: Closing

• Additional Filters-Subcategory: Capital Markets: Debt-Refinance, Industrial: Self Storage

• Company: TPG Angelo Gordon, Wells Fargo (NYSE: WFC), Goldman Sachs (NYSE: GS), Newmark Group (Nasdaq: NMRK)

Andover Properties, in partnership with TPG Angelo Gordon, a real estate investing platform within TPG, has received $315 million in refinancing for a 43-asset self storage portfolio. Newmark arranged the loan, provided by Wells Fargo, Goldman Sachs and 3650 REIT.

The collection includes 21,300 units across 3.1 million rentable square feet. Under Andover’s self storage platform and brand Storage King USA, the properties are located in 24 markets across 11 states.