The Storage Blue collection of properties encompasses five facilities built between 1993 and 2019.
The non-recourse bridge loan provided by Skymar Capital Corp. has a fixed interest rate and is set to mature in 2025.
The 14 properties are located in Texas, Minnesota and Missouri and total 8,517 units.
Lockhart Storage Center was completed in Spring 2020, following a $6.8 million construction loan originated by Bank OZK.
The year-over-year street rate performance was positive in 94 percent of the top markets tracked by Yardi Matrix.
The buyer received a seven-year, $7.9 million acquisition loan from Texas Bank.
In 2016, seller and developer DealPoint Merrill financed the 685-unit project in Nanuet with a $6.8 million loan from Standard Insurance.
Nassau CorAmerica originated a $15.7 million loan for the acquisition of the 970-unit property in Needham.