Self storage portfolio, 12 properties · Multiple locations
Heitman Life Storage Portfolio
This portfolio is financed with a $45.4M CMBS loan at 4.408% that reaches maturity on January 6, 2029, in 2 years and 2 months. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $45,350,000
- Original balance (same notes)
- $45,350,000
- Interest rate
- 4.408% fixed
- Originated
- December 19, 2018
- Maturity
- January 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- October 5, 2028
- Master servicer
- Trimont LLC
- Originator
- Goldman Sachs Mortgage Company
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Value at securitization
- $92.3M
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 2.64x | 3.65x |
| Occupancy | 91% | 94% |
| Net operating income | $5.3M | $7.4M |
| Debt yield | 16.3% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the GS Mortgage Securities Trust 2019-GC38 filing for the reporting period ending October 6, 2026, filed with the SEC October 22, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- Net operating income is 39% above the underwritten figure ($7.4M a year against $5.3M).
- Debt service coverage moved from 2.64x at securitization to 3.65x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $45.4M | Current | No | 3.65x | 94% |
| September 2026 | $45.4M | Current | No | 3.65x | 94% |
| August 2026 | $45.4M | Current | No | 3.65x | 94% |
| July 2026 | $45.4M | Current | No | 3.65x | 94% |
| June 2026 | $45.4M | Current | No | 3.65x | 94% |
| May 2026 | $45.4M | Current | No | 3.65x | 94% |
| April 2026 | $45.4M | Current | No | 3.65x | 94% |
| March 2026 | $45.4M | Current | No | 3.65x | 94% |
| February 2026 | $45.4M | Current | No | 3.95x | 92% |
| January 2026 | $45.4M | Current | No | 3.95x | 92% |
| December 2025 | $45.4M | Current | No | 3.95x | 92% |
| November 2025 | $45.4M | Current | No | 3.95x | 92% |
From each trust's ABS-EE filing for that month. Coverage and occupancy change only when the servicer reports new statements. If one trust holding a piece of the loan skipped a month, that month's balance reads low.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| GS Mortgage Securities Trust 2019-GC38 | 4 | $45,350,000 | Oct 2026 | SEC filing, October 22, 2026 |
Other self storage loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Mini Mall Self Storage | Self storage | $145.5M | 5.97% | Nov 2029 | 1.92x | 68% | Current | |
| Prime Storage - Hudson Valley Portfolio | New Windsor, NY | Self storage | $137.5M | 6.23% | Mar 2029 | n/a | n/a | Current |
| 39R Medford Street | Somerville, MA | Self storage | $118.0M | 5.99% | Sep 2029 | n/a | n/a | Current |
| Nantucket | Nantucket, MA | Self storage | $104.0M | 5.00% | Feb 2029 | n/a | n/a | Current |
| Storage Post Portfolio | Self storage | $85.0M | 3.89% | Oct 2029 | 2.51x | 88% | Current | |
| Life Storage - 586 | Flowood, MS | Self storage | $70.7M | 3.809% | Aug 2029 | n/a | n/a | Current |
| Inland Life Storage Portfolio | Self storage | $57.8M | 3.809% | Aug 2029 | 1.60x | 58% | Current | |
| University Parkway Sarasota Self Storage | Sarasota, FL | Self storage | $39.8M | 4.40% | Jun 2029 | n/a | n/a | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending October 6, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.