PSRS Arranges $6.3M Refinancing for Self-Storage Facility in Provo, Utah
Why this matters
Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
Editorial analysis · Real Estate Trail Editorial
PROVO, UTAH — PSRS has arranged $6.3 million in refinancing for a self-storage facility in Provo. The 130,510 rentable square-foot property offers 725 self-storage units that were 65 percent occupied at the time of re…
External link. Real Estate Trail does not republish source content.
More from the wire
Northwind Group Provides a $208 Million Construction Loan for the Office-to-Residential Conversion of 141 Willoughby Street, a 355K SF Class A Tower in Downtown Brooklyn
NEW YORK, Sept. 11, 2026 /PRNewswire/ -- Northwind Group, a Manhattan-based real estate private equity firm and debt fund manager, today announced the origination of a $208 million first mortgage construction loan for…
You are responsible for the P&L. Who is for the aquifer?
The Routledge Handbook on Regenerative Tourism and Hospitality, co-edited by the author, challenges hospitality to account for natural and community systems before they fail, not after.
Punch List: Procore closes $845M M&A deal, Jacobs wins $131M water job
Plus, Brasfield & Gorrie, Granite and Skanska nab civil contracts and Suffolk promotes execs in Florida.
Starwood Capital, Trinitas to Develop Three Student Housing Communities Totaling 2,046 Beds
CARMEL, IND. AND MIAMI BEACH, FLA.— Starwood Capital Group and Trinitas Ventures have formed a joint venture to develop three student housing communities totaling 2,046 beds. Projects include Atmosphere Pittsburgh, a…
Fengate, Mavrek Break Ground on 25-Story Apartment Tower in Chicago’s West Loop
CHICAGO — Fengate Asset Management and Mavrek Development have broken ground on Julep West Loop, a 25-story apartment tower in Chicago’s West Loop neighborhood. The development will include 380 units, including 76 aff…
ClarkDietrich to Relocate Headquarters to $350M Montgomery Quarter Near Cincinnati
MONTGOMERY, OHIO — ClarkDietrich, a manufacturer of cold-formed steel framing, will relocate its corporate headquarters to Montgomery Quarter, which is a public-private partnership between the City of Montgomery and d…