"The team at The BSC Group was able to provide us with a very compelling financing package for this acquisition of Class A stores."

David Rogers, Chief Financial Officer 
Sovran Self Storage, Inc.
Sovran operates its stores under the trade name Uncle Bob's Self Storage® 
and serves over 160,000 customers in 25 states

The BSC Group was exclusively engaged to arrange the financing for this acquisition of a 19 property self-storage portfolio. We [Sovran] worked in joint venture with a major equity sponsor to purchase the portfolio of performing stores for their newly formed venture, Sovran HHF Storage Holdings II, LLC.

The storage facilities encompass a total of 1.4 million square feet of net rentable storage space. Seventeen of the stores are located in New Jersey, and two others are located in Pennsylvania.

The BSC Group arranged the mortgage financing package with PNC Bank, N.A.