Strategic Storage lifts KeyBank credit agreement borrowing capacity

By Sarah Lizee

Olympia, Wash., Aug. 13 – Strategic Storage Trust IV, Inc. through operating partnership Strategic Storage Operating Partnership IV, LP increased the maximum borrowing capacity of its credit agreement with KeyBank, NA on Friday by $45 million to a total of $100 million, according to an 8-K filing with the Securities and Exchange Commission.

Texas Capital Bank, NA, SunTrust Bank and Fifth Third Bank are new lenders under the agreement.

The amended credit agreement may be increased to a maximum size of $300 million.

Strategic Storage is a public non-traded REIT based in Ladera Ranch, Calif., focused on income-producing self-storage facilities and related self-storage real estate investments.

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