JLL Arranges $160M Credit Facility for Safely Store Self Storage Portfolio, Backed by JPMorgan
DALLAS — JLL announced July 10 the closing of a $160 million credit facility for Safely Store Self Storage, secured by a seed portfolio of 11 self-storage facilities totaling more than 872,000 rentable square feet across seven major U.S. metropolitan statistical areas. JPMorgan provided the financing.
JLL worked on behalf of the borrower, Safely Store Self Storage, a partnership between the principals of Taylor/Theus Holdings Inc. and Iron Point Partners. Safely Store is backed by a $400 million investment from La Caisse, formerly known as CDPQ, and another global institutional investor, and was formed to deploy capital nationally in the self-storage sector.
Deal Structure: Term Loan Plus Accordion
The facility is structured as a lower-leverage instrument, consisting of a $60 million term loan and a $100 million accordion feature. The accordion provides Safely Store with access to additional capital to finance future acquisitions and development projects as the platform scales. The facility also includes a tailored prepayment structure and partial release optionality, giving the sponsor flexibility to manage individual assets within the broader financing arrangement.
"We are pleased to announce the closing of this credit facility and work with JPMorgan on our platform's continued growth," said Tyler Colpini, CEO of Safely Store Self Storage. "The functionality of the facility was a bespoke request, and JLL ran a competitive process that brought many top-tier lenders to the table. We are thrilled with the execution and excited to have a facility in place that will allow Safely Store to continue targeting top MSAs with a focus on sub-markets exhibiting strong demand and constrained supply, while maintaining a disciplined leverage profile across the portfolio."
Seed Portfolio: 11 Properties, Seven Major Markets
The seed portfolio underlying the facility comprises 11 institutional-quality storage facilities across a geographically diverse footprint of seven major U.S. MSAs. The portfolio totals over 872,000 rentable square feet and includes a mix of asset types: multi-story, fully climate-controlled facilities and single-story drive-up facilities. Extra Space Storage, a self-storage real estate investment trust and third-party management firm, currently manages the entire portfolio.
Safely Store has stated its strategy focuses on submarkets with strong demand and constrained supply. The platform was formed to deploy capital nationally in the self-storage sector, and the new financing is intended to support further scaling of the venture.
JLL Capital Markets Team
JLL's Capital Markets Debt Advisory team representing Safely Store was led by Senior Managing Director Brian Somoza, Senior Director John Bauman, Associate Jordan Buck, and Analyst Shishir Reddy.
JLL's Capital Markets group operates across nearly 50 countries with more than 3,000 specialists worldwide, providing debt advisory, investment sales, M&A and corporate finance, loan sales, equity and fund placement, net lease, derivative advisory, and energy and infrastructure advisory services.
Sources: JLL Newsroom, July 10, 2026