JLL Arranges $71.5M in Financing and JV Equity for Nine-Property Colorado Self Storage Portfolio
JLL has arranged $71.5 million in financing and joint venture equity for UpLift Development Group's off-market acquisition of a nine-property self storage portfolio located in Clear Creek and Grand Counties, Colorado, the firm announced March 3, 2026.
The capital structure includes a $52.5 million first mortgage placed by JLL along with preferred equity from an undisclosed strategic capital partner. Sponsor equity contributed by UpLift Development Group comprised the remainder of the capital stack. Total purchase price was not disclosed.
Self Storage Portfolio Details
The nine-property portfolio spans 493,801 rentable square feet across 3,017 units, with an overall occupancy rate of 72% at the time of acquisition. Property vintages range from 1994 to 2023, which JLL noted provides value-add opportunities through institutional-grade upgrades.
All nine properties are situated along the Interstate 70 and Highway 40 corridors west of Denver, positioning them just west of Colorado's Front Range. The acquisition gave UpLift Development Group control of 100% of the self storage market in Clear Creek County and approximately 95% of the self storage market in Grand County.
Transaction and Capital Markets Team
The deal was structured as an off-market transaction, with JLL Capital Markets representing UpLift Development Group in arranging both the senior debt and the joint venture preferred equity component. The JLL Capital Markets team was led by Managing Director Griffin Guthneck, Senior Director Matthew Wheeler, and Director John Williamson.
UpLift Development Group is a vertically integrated real estate company that specializes in the development, construction, acquisition, and management of self storage facilities in high-growth markets across the United States. The company operates under its flagship brand, Uplift Self Storage, and is led by Brandon Grebe and Lee Fredrick.
About JLL Capital Markets
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers, with more than 3,000 specialists in offices across nearly 50 countries. The group's services include investment sales and advisory, debt advisory, mergers and acquisitions, corporate finance, loan sales, equity and fund placement, net lease, derivative advisory, and energy and infrastructure advisory.