BB&T Capital Markets serves as the Exclusive Financial Advisor to Monkey Junction Self Storage, LLC in its Sale to Prime Group Holdings, LLC
On June 7, 2019, Monkey Junction Self Storage, LLC (“Monkey Junction Self Storage” or the "Company"), was acquired by Prime Group Holdings, LLC (“Prime Group”). BB&T Capital Markets and Environments Unlimited, LLC served as the exclusive financial advisors to Monkey Junction Self Storage.
About the Companies
Located in Wilmington, North Carolina, Monkey Junction Self Storage owned and operated four institutional-quality facilities totaling approximately 569,000 rentable square feet across interior and exterior units, as well as boat/RV storage.
Environments Unlimited, LLC is a commercial general contracting company based in Wilmington, North Carolina. Environments Unlimited, LLC is committed to delivering uncompromised service and quality, operating in Southeastern North Carolina and Northeastern South Carolina and other areas upon request.
Headquartered in Saratoga Springs, New York, Prime Group is a real estate owner-operator focused on acquiring and adding value to a large and growing portfolio of self storage facilities located throughout the United States. Prime Group owns and manages over $2 billion of self storage properties with more than 200 self storage facilities that contain over 15 million rentable square feet in a 24-state geographic footprint.
The BB&T Capital Markets Real Estate Group is led by an experienced banking team focused on serving the broad needs of Real Estate Investment Trusts (REITs) and private real estate sponsors. Our corporate and investment bankers are experts in all aspects of REITs and commercial real estate, allowing us to provide a comprehensive suite of capital markets solutions ranging from corporate lending, equity and debt underwriting, joint venture equity placements, and merger and acquisition advisory. This unique teaming enables us to serve clients with financing options that are optimized for their specific needs and strategic initiatives.
Core services include at-the-market (ATM) offerings, entity-level recapitalizations, follow-on equity offerings, initial public offerings, joint venture equity, merger and acquisition (M&A) advisory, preferred stock offerings, sale leasebacks, senior debt offerings, and stock repurchase programs.
About BB&T Capital Markets
BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, and sales and trading. Headquartered in Richmond, VA, with offices throughout the US, we have specific expertise within 10 distinct industry verticals including Automotive Aftermarket; Commercial & Industrial; Education; Energy; Financial Services; Food & Agribusiness; Healthcare; Logistics & Transportation Services; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.