Criterion JV refinances 22-property outdoor storage portfolio with $132.3M loan from Axos Bank rew-online.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rew-online.com Daily Mail and Mail on Sunday newspapers.
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Criterion Group and Columbia Pacific Advisors have sealed a $132.3 million debt package to refinance a 22-property industrial outdoor storage (IOS) portfolio spread across nine states, Commercial Observer can first report. Axos Bank provided the five-year, floating-rate loan for the sponsorship’s IOS properties, which span 230 acres. “The broad geographic scope of this portfolio positions it to increase in value as last-mile logistics drive increased demand for parking and outdoor storage space,” Shibber Khan, principal at Criterion Group, said in a statement.