IRVINE, Calif., Jan. 30, 2023 (GLOBE NEWSWIRE) — Talonvest Capital, Inc., a self-storage and commercial real estate advisory firm, is pleased to announce that it has arranged a $73.7 million loan. The state’s self-storage portfolio on behalf of Andover Properties and Angelo Gordon’s joint venture. The portfolio consists of nine properties located in Texas, North Carolina, Virginia, Florida and California, with high visibility locations in growth markets, densely populated locations, strong housing supply, strong It benefits from demographic trends. The property operates under Andover’s Storage King USA brand.
The non-recourse bridge loan was provided by a leading national investment management firm.
Zach Harding, Chief Investment Officer, Andover Properties, commented: Working with the Talonvest team has been a great experience. ”
Talonvest team members responsible for this transaction include Kim Bishop, Jim Davies, Tom Sherlock, Ivan Viramontes, and Thalia Tovar.
About Taronvest Capital:
Talonvest Capital, Inc. is a boutique real estate firm that provides advisory services to investors, owners and developers of commercial and self-storage real estate across the United States. The firm utilizes a unique collaborative team approach and his 40 years of institutional knowledge and expertise from team members to provide better capital solutions to clients.
About the Andover property:
Andover Properties is an investment firm that owns, operates and develops commercial real estate across the country with a focus on alternative real estate asset classes such as self-storage, prefab homes, RV parks and car washes. We are one of the largest privately owned operators of self-storage facilities in the United States. Our current portfolio totals 12.2 million rentable square feet across 153 properties in 18 states, operated under the Storage King USA brand. www.storagekingusa.com.
About Angelo Gordon:
Angelo Gordon is a privately held alternative investment firm founded in November 1988. The company currently focuses primarily on credit and real estate strategies, with approximately $52 billion under management. With his 650+ employees, including over 200 investment professionals, Angelo Gordon is headquartered in New York with associated offices elsewhere in the United States, Europe and Asia. For more information, please visit www.angelogordon.com.
Houston, Texas (West Park)
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/97557f5b-0e53-4bbb-87d5-045f8e94b6f7.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ff09afcb-c244-49cf-ad22-0122bbdddb8f.