News: Financial Digest
Posted: March 15, 2017
Herz of Boston Realty Advisors arranges $3.87 million financing for Longwood Storage
Nick Herz, Boston Realty AdvisorsBrookline, MA Boston Realty Advisors Capital Markets has secured senior debt financing for Longwood Storage, a 33,767 s/f self-storage facility.
Nicholas Herz, managing director and partner, who arranged the $3.87 million loan on behalf of the ownership said, “Lender demand for established storage facilities is exceptionally strong, which allowed us to drive pricing and terms throughout our process.”
Longwood Storage is one of the oldest full-service self-storage properties in the area. The six-floor facility offers a high-capacity elevator, updated fire and life safety systems, and new and renovated units that range in size from 25 to 300 s/f. Longwood Storage benefits from strong submarket demographics and caters to both business and residential clientele.
Boston Realty Advisors is a Boston-based, privately held commercial real estate brokerage firm. Their full-service platform includes capital markets, tenant and landlord representation, and property consulting.
Tags:
Financial Digest
MORE FROM Financial Digest
Preservation of Affordable Housing secures $23.5 million in financing from Rockland Trust and Citizens Bank
Cambridge, MA The nonprofit Preservation of Affordable Housing (POAH) has secured $23.5 million in financing from Rockland Trust and Citizens Bank to transform a 150-year-old, underutilized church complex into housing. The project will ultimately create 46 affordable family-sized apartments.
Columns and Thought Leadership
Conn. hospitality market: A technical appraisal perspective on market dynamics and valuation challenges (2019-2025)
The Connecticut hospitality market has demonstrated uneven recovery patterns between 2019 and 2025, with boutique and historic properties achieving $125 RevPAR in 2025, up 8.7% from the 2019 level. Coastal resort properties achieved a $105 RevPAR in 2025, representing 10.5% growth since 2019. Casino corridor properties maintained modest growth with RevPAR improving 4.5% to $92 in 2025.
Examples of investors who used Kay Properties for legacy and estate planning purposes for rental property/portfolios - by Dwight Kay
Preserving wealth across multiple generations requires strategic planning, foresight, and the right investment vehicles. Delaware Statutory Trusts (DSTs) offer a powerful solution for families looking to build and protect their financial legacy and to efficiently plan for their estate.
