Citigroup is shopping $540 million of bonds backed by a portfolio of 102 self-storage facilities.

The owner of the portfolio, Simply Self Storage, was acquired by Brookfield Asset Management in March. At the time, the portfolio was encumbered by $528.8 million in debt. On Sept. 1, Brookfield obtained a $760 million package of loans from Citi that allowed it retire the original loan, pay closings costs, fund upfront reserves, and cash out $202.8 million of equity in the properties.

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