{"id":1004451325,"date":"2020-05-22T02:54:32","date_gmt":"2020-05-22T10:54:32","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004451325"},"modified":"2025-02-27T01:09:09","modified_gmt":"2025-02-27T09:09:09","slug":"hines-jv-expands-dallas-storage-footprint","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hines-jv-expands-dallas-storage-footprint\/","title":{"rendered":"Hines JV Expands Dallas Storage Footprint"},"content":{"rendered":"<div id=\"attachment_1004451328\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/570-Country-Club-Road.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004451328\" data-attachment-id=\"1004451328\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hines-jv-expands-dallas-storage-footprint\/570-country-club-road\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/570-Country-Club-Road.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"570 Country Club Road\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;570 Country Club Road. &lt;i&gt;Image courtesy of Hines&lt;\/i&gt;&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/570-Country-Club-Road.jpg?w=800\" class=\"wp-image-1004451328 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/570-Country-Club-Road.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/570-Country-Club-Road.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/570-Country-Club-Road.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/570-Country-Club-Road.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004451328\" class=\"wp-caption-text\">570 Country Club Road. <i>Image courtesy of Hines<\/i><\/p><\/div>\n<p>A joint venture between Trez Capital and Hines Interests has purchased a 101,900-square-foot self storage property in Wylie, Texas. A private investor sold the 11-building facility, according to Yardi Matrix data. The ownership venture financed the acquisition with a $7.1 million loan from Flagstar Bank. The mortgage matures in 2023. Trez Capital provided an additional, $3.1 million mortgage to fund the purchase.<\/p>\n<p>Located on 11 acres at 570 Country Club Road, the single-story property opened its doors in 2017. The 760-unit facility features drive-up access and climate-controlled units, ranging from 25 to 400 square feet, Yardi Matrix shows. The property has an on-site CubeSmart management office, security cameras and 75 RV parking spaces. Situated close to Highway 544, the site is 8 miles from downtown Plano.<\/p>\n<p>The deal marks the partnership\u2019s second self storage investment. Last October, the joint venture <a href=\"https:\/\/www.commercialsearch.com\/news\/trez-capital-hines-purchase-texas-storage\/\">purchased a 1,600-unit storage property<\/a> in Plano, Texas. Flagstar Bank and Trez Capital originated two notes totaling $26.7 million for the acquisition.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Flagstar Bank provided a three-year, $7.1 million loan for the acquisition of a CubeSmart-managed property.<\/p>\n","protected":false},"author":867,"featured_media":1004451328,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21743,21742],"tags":[49474,32797,47606],"class_list":["post-1004451325","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-deals","category-latest","tag-flagstar-bank","tag-hines","tag-trez-capital"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Hines JV Expands Dallas Storage Footprint - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hines-jv-expands-dallas-storage-footprint\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hines JV Expands Dallas Storage Footprint\" \/>\n<meta property=\"og:description\" content=\"Flagstar Bank provided a three-year, $7.1 million loan for the acquisition of a CubeSmart-managed property.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hines-jv-expands-dallas-storage-footprint\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-22T10:54:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-27T09:09:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/570-Country-Club-Road.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Pavel Cazacu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hines-jv-expands-dallas-storage-footprint\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hines-jv-expands-dallas-storage-footprint\\\/\"},\"author\":{\"name\":\"Pavel Cazacu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/caac04e9f88552f7c898ba456c2498d8\"},\"headline\":\"Hines JV Expands Dallas Storage Footprint\",\"datePublished\":\"2020-05-22T10:54:32+00:00\",\"dateModified\":\"2025-02-27T09:09:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hines-jv-expands-dallas-storage-footprint\\\/\"},\"wordCount\":171,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hines-jv-expands-dallas-storage-footprint\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2020\\\/05\\\/570-Country-Club-Road.jpg\",\"keywords\":[\"Flagstar Bank\",\"Hines\",\"Trez Capital\"],\"articleSection\":[\"Dallas\",\"Deals\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hines-jv-expands-dallas-storage-footprint\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hines-jv-expands-dallas-storage-footprint\\\/\",\"name\":\"Hines JV Expands Dallas Storage Footprint - 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