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Slate Asset Mgmt Provides $147M Sr Loan Facility for Refi of 3 Class A Self Storage Assets in NYC

NEW YORK--(BUSINESS WIRE)--Slate Asset Management (“Slate”), a global alternative investment platform focused on real estate and infrastructure, announced today that Slate Real Estate Capital, the private credit business of Slate, has provided a $147.0 million senior loan facility to Prime Group for the refinancing of three Class A self storage assets (the “Assets”) located in New York City.

Prime Group, headquartered in Saratoga Springs, New York, is the largest privatel