CubeSmart Investor Presentation Deck
Storage Deluxe Transaction Summary
• On October 21st, we entered into an agreement to
purchase an eight-property portfolio in the New York
City Boroughs for $540 million
Transaction
Summary • Transaction is subject to typical due-diligence and loan
assumptions, with a projected closing in the fourth
quarter of 2020
Portfolio
Summary
Financing
Summary
18 CUBESMART
• 5 properties in Queens, 2 in Brooklyn, and 1 in the Bronx
• Mix of 4 fully-stabilized properties and 4 properties that
have not yet fully stabilized
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Portfolio expected to fully stabilize by mid-2023
All properties are currently branded and managed by
CubeSmart
$183.7M of consideration provided in the form of
Operating Partnership Units
$154.6M of assumed debt secured by five properties
Remaining $201.7M initially funded from available cash
and proceeds from the undrawn portion of our $750M
unsecured credit facility
Bronx
Manhattan
Brooklyn
Queens
Total
Brooklyn
Bronx
Queens
Properties
10
35
Pre-
Transaction Transaction
13
1
12
2
5
8
Total
14
14
15
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