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**Summerland Storage Acquires Three-Property Portfolio in NY and MA for $45M**
Affinius Capital LLC has provided a $45 million loan to Summerland Storage Partners for the acquisition of a Class A, three-property self-storage portfolio. The properties are located in Lynbrook, NY; Port Jefferson Station, NY; and Framingham, MA. Summerland plans to hold the portfolio as a long-term investment. The financing was arranged by Shawn Hill of The BSC Group.
Tyler Figley of Affinius Capital highlighted the strategic nature of the investment, stating, “This transaction reinforces Affinius’ commitment to financing high-quality assets and expands our footprint in two of the country’s most supply-constrained metropolitan markets, where density, transit access, and diversified demand support the long-term strength of the self-storage sector. The institutional sponsorship of Summerland Storage Partners, along with the portfolio’s modern amenities, align with our investment philosophy and long-term vision.”
The acquired portfolio encompasses three self-storage facilities totaling 274,396 rentable square feet and includes 3,141 units across six buildings. The properties are institutionally managed by Public Storage and CubeSmart.
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