Self-storage properties have always had bit parts in commercial mortgage bonds, but a deal being marketed by Credit Suisse and Bank of America Merrill Lynch gives them their own show.

CGBAM Commercial Mortgage Trust 2015-SMRT securitizes the senior portion of a $412 million loan made to StorageMart. In total, $287.6 million of the five-year loan will be securitized. The loan is secured by 66 self-storage properties held in two portfolios, TKG StorageMart and New TKG StorageMart portfolios.

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