American Self Storage Secures $20,500,000 Refinancing

Posted by MiniCo on Nov 16, 2012 12:00:00 AM

American Self Storage Secures $20,500,000 Refinancing

Warren H. Diamond, President and Chief Executive Officer along with John Delmonaco, Chief Financial Officer, Richard P. Monte Chief Operating Officer and John Mercadante, Lead Councel are pleased to announce the refinancing of two permanent loans totaling $20,500,000 secured by American Self Storage facilities located in downtown Brooklyn. The highly visible self-storage stores consist of 2,300 units totaling 133, 000 sq. ft. and enjoy consistent high occupancies and above average market rates.

American Self Storage, a leader self storage in the New York metro area ranked among the top 100 self storage operators worldwide, completed the transaction with The Royal Bank of Scotland and was represented by Altman Warwick Commercial Mortgage Advisors.

About American Self Storage

American Self Storage with headquarters in Tinton Falls, New Jersey, is a leading self-storage owner/operator with 15 locations throughout the NY Metro Area. American Self Storage continues to grow its well-located portfolio of 1,500,000 square feet and has currently over 300,000 square feet in development American Self Storage is actively acquiring facilities in the tri-state area which have a minimum of 70, 000 square feet. With an “Our Space-Your Move” motto American Self Storage remains committed to serving the public’s quality, affordable and safe storage needs. For more information, visit]]>