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SmartStop, AXCS Capital Launch Credit JV Targeting Self-Storage
The $100 million venture targets U.S. self-storage credit amid improving sector fundamentals and occupancy rates above 90%, supporting recovery and recapitalizations.
SmartStop Self Storage REIT, Inc. and investment management firm AXCS Capital have formed a real estate credit joint venture targeting bridge debt and preferred equity investments across the self-storage sector in the U.S. The JV will deploy capital across the full spectrum of structured capital solutions, including senior loans, mezzanine financing, preferred equity and hybrid instruments. Target investment scenarios include ground-up developme…