Newmark announces it has arranged a $315 million loan on behalf of TPG Angelo Gordon, a diversified credit and real estate investing platform within TPG, and Andover Properties for the refinancing of a national 43-asset self-storage portfolio. Newmark's Co-Presidents of Global Debt & Structured Finance Jordan Roeschlaub and Jonathan Firestone, Vice Chairman Nick Scribani and Director John Caraviello arranged the financing, which was provided by Wells Fargo, Goldman Sachs and 3650 REIT. The portfolio totals more than 21,300 units across 3.1 million rentable square feet and is branded under Andover's wholly-owned self-storage platform, Storage King USA.

The portfolio is strategically located in 24 different markets across 11 states. Since acquisition, the portfolio has experienced outstanding NOI growth in excess of 40%.