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Prime Storage Arranges $590 Million Portfolio Refinancing

Self-Storage Operator Lands New Loan as Cash Flow Improves
The 56,400-square-foot Prime Storage facility in West Palm Beach, Florida, is one of 45 properties being refinanced. (Giovanny Lopez/CoStar)
The 56,400-square-foot Prime Storage facility in West Palm Beach, Florida, is one of 45 properties being refinanced. (Giovanny Lopez/CoStar)

After bolstering the performance of several its self-storage properties, Prime Group Holdings, operator of Prime Storage facilities across the country, has lined up a $590 million refinancing of a portfolio of 45 facilities.

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