May 21, 2020
This Class A value-add property is the second self-storage purchase for the longstanding Trez Capital-Hines partnership, which has previously focused on land deals for the development of single-family communities.
DALLAS – May 21, 2020 – Today, Trez Capital, a diversified real estate investment firm and provider of commercial real estate capital and debt financing solutions, and partner, Hines, the international real estate firm, announced the acquisition of an 101,931-square-foot self-storage facility in Wylie, Texas. The 11-building facility has 760 units and 75 premium RV parking spaces.
The property is strategically located at 570 Country Club Road, across from Wylie High School near the intersection of Hwy 544 and Woodbridge Parkway.
“Our first self-storage acquisition with Hines has seen great success in the booming Plano market. We saw the Wylie self-storage facility as another opportunistic investment to add to our growing portfolio with Hines,” said John Hutchinson, president, central and southwestern U.S., Trez Capital.
“This Class A self-storage facility fits with our strategy to acquire highly visible properties in rapidly growing cities like Wylie,” said Luis Castellanos, director of Hines’ self-storage platform.
About Trez Capital
Founded in 1997, Trez Capital is a diversified real estate investment firm and a preeminent provider of commercial real estate debt financing solutions in Canada and the United States. Trez Capital offers private and institutional investors strategies to invest in a variety of opportunistic, fully-secured, high-yield mortgage investment funds and like investment assets, and provide property developers and owners with quick approvals on flexible short- to mid-term financing. Trez Capital has over $3.8 billion in assets under management and through its Dallas office, has funded more than $3.1 billion in loans. For more information, visit www.trezcapital.com.
Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 205 cities in 24 countries. Hines has approximately $133.3 billion of assets under management, including $71 billion for which Hines serves as an investment manager, including non-real estate assets, and $62.3 billion for which Hines provides third-party property-level services. The firm has 165 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired 1,393 properties, totaling over 459 million square feet. The firm’s current property and asset management portfolio includes 539 properties, representing over 232 million square feet. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most-respected real estate organizations in the world. Visit www.hines.com for more information.