Morgan Stanley and Bank of America's latest conduit CMBS securitizes a portion of a $249 million loan that is secured by a portfolio of U-Haul properties, according to Kroll Bond Rating Agency.

The U-Haul loan is rated an investment grade 'AA-' by Kroll and serves to improve leverage in the $822 million MSBAM 2015-C27 transaction. U-haul's portfolio is comprised of 105 self-storage facilities located in 35 states.

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