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Jones Lang LaSalle Inc.
09/03/2026 | Press release | Distributed by Public on 09/03/2026 10:16
Refinancing arranged for Extra Space in South Portland, Maine
ATLANTA, Sept. 3, 2026 - JLL Capital Markets announced today that it arranged a refinancing for Extra Space South Portland, self-storage facility in South Portland, Maine.
JLL worked on behalf of the borrower, The Ardent Companies, to secure the five-year loan through a regional bank.
Completed in 2022, the facility has maintained high occupancy for 12 consecutive months and is managed by Extra Space Storage Inc. (NYSE: EXR), the nation's largest third-party self-storage management company. The property features climate-controlled units with 24/7 access, digital surveillance, controlled access and an on-site office.
Extra Space South Portland is located at 193 Western Avenue just south of Portland International Jetport with excellent access to both I-95 and I-295. The facility serves a trade area of over 125,000 households within a 30-minute drive and the surrounding demographic profile demonstrates strong fundamentals with average household incomes exceeding $130,000.
The JLL Capital Markets Debt Advisory team representing the borrower included Managing Director John Davis, Director Hunter Goldberg, Associate Austin Smith and Analyst Ameila O'Kieffe.
"The Extra Space South Portland facility represents an exceptional stabilized asset in one of New England's strongest and most attractive markets," said Goldberg. "With consistent 90%+ occupancy, best-in-class Extra Space management and access to an affluent, highly educated demographic base, this property demonstrates the quality fundamentals lenders are seeking in the self-storage sector."
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group's in-depth local market and global investor knowledge delivers best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL's newsroom.
About JLL
JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 112,000 as of June 30, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.
About The Ardent Companies
The Ardent Companies is a solutions-based real estate investment and asset management firm that combines primary market research and comprehensive due diligence with long-term industry relationships to create compelling risk-adjusted returns. The firm's principals invest substantial capital in every investment alongside investors, with an investment portfolio spanning 30 states across diverse real estate sectors.
Jones Lang LaSalle Inc. published this content on September 03, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on September 03, 2026 at 16:16 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]