property type: Self Storage
Shurgard Europe Closes $193 Mln Fund for European Expansion
March 19, 2001 BRUSSELS, Belgium – Shurgard Europe has closed on its credit facility of 215 million euros (US$193.1 million) with its bank group, led by Credit Suisse First Boston.The facility was expanded from 140 million euros (US$125.7 million) and ...
Shurgard Closes on Larger Credit Line, New Development Facility
March 2, 2001 SEATTLE – Shurgard Storage Centers Inc. (NYSE:SHU) has expanded and extended its credit line 80 percent to $360 million from $200 million.The commitment extends the maturity of the facility to four years, with an interest rate of ...
Shurgard Raises $75 Mln-plus in Preferred Stock Offering
February 28, 2001 SEATTLE - Shurgard Storage Centers Inc. (NYSE:SHU) has completed a $75 million offering of 3 million shares of 8.75 percent Series D Cumulative Redeemable Preferred Stock.The shares have a $25/share liquidation preference and can be called after ...
Fitch Assigns Triple-B-minus Rating to Shurgard Preferred
February 23, 2001 NEW YORK – Fitch has assigned a triple-B-minus rating to Shurgard Storage Centers Inc.'s (NYSE:SHU) recent offering of $75 million 8.75 percent series D cumulative preferred stock.Proceeds of the offering as well as cash remaining from a ...
AmeriCold Trims Rent Payments to Vornado, Crescent
February 22, 2001 PARAMUS, N.J. – AmeriCold Logistics, a cold-storage company that is owned by affiliates of Vornado Realty Trust (NYSE:VNO) and Crescent Real Estate Equities Co. (NYSE:CEI), has restructured leases with the two REITs, reducing this year's annual rent ...
Shurgard Raises $200 Mln Through Unsecured Bond Offering
February 16, 2001 SEATTLE – Shurgard Storage Centers Inc. (NYSE:SHU) has sold $200 million of senior unsecured notes due 2011.The notes have a 10-year term to maturity and a coupon rate of 7.75 percent.The self-storage REIT plans to use proceeds ...
S&P Rates Shurgard Storage Centers Senior Unsecured Notes
February 14, 2001 NEW YORK - Standard & Poor's has assigned its triple-B-rating to Shurgard Storage Center Inc.'s $200 million senior unsecured notes due 2011.The company's triple-B senior unsecured credit rating and triple-B-minus preferred stock rating were affirmed. The outlook ...
Sovran Self Storage, Locke Preferred Equity Form $40 Mln JV
February 2, 2001 BUFFALO, N.Y. – Sovran Self Storage Inc. (NYSE:SSS) and Locke Preferred Equity LLC have formed a $40 million joint venture.Locke Sovran I has already acquired eight self-storage facilities: one in Cincinnati and one in Dayton, Ohio, totaling ...
S&P Rates Public Storage Preferred
January 26, 2001NEW YORK – Standard & Poor's assigned its triple-B-plus rating to Public Storage Inc.'s $150 million series Q preferred stock. The outlook is stable.All other ratings on the company were affirmed.The action is a result of the company's ...
Fitch Assigns Triple-B-Plus Rating to Public Storage Series Q Preferred Stock
January 19, 2001 NEW YORK – Fitch has assigned its triple-B-plus rating to Public Storage Inc.'s (NYSE: PSA) offering of $150 million of series Q cumulative preferred stock. The outlook is stable.Deals of other classes have been affirmed. Proceeds will ...
About
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
