Self storage portfolio, 17 properties · Multiple locations
U-Haul AREC 25 Portfolio
This portfolio is financed with a $35.3M CMBS loan at 3.891% that reaches its anticipated repayment date on September 1, 2027, in 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $35,265,256
- Original balance (same notes)
- $47,000,000
- Interest rate
- 3.891% fixed
- Originated
- September 1, 2017
- Maturity
- September 1, 2042
- Anticipated repayment date
- September 1, 2027 (the rate steps up if the loan is not repaid by then)
- Payments
- Amortizing over 25 years
- Prepayment lockout ends
- May 31, 2027
- Master servicer
- Trimont LLC
- Originator
- Bank of America, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Units, rooms or beds
- 6,146
- Value at securitization
- $79.4M
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.78x | 2.84x |
| Occupancy | 95% | 84% |
| Net operating income | $5.2M | $8.4M |
| Debt yield | 23.7% |
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 Morgan Stanley Bank of America Merrill Lynch Trust 2017-C34 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Occupancy down 10 points or more from securitization
- Matures within 12 months
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
- Occupancy has fallen from 95% when the loan was securitized to 84%.
- Net operating income is 60% above the underwritten figure ($8.4M a year against $5.2M).
- Debt service coverage moved from 1.78x at securitization to 2.84x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $35.3M | Current | No | 2.84x | 84% |
| August 2026 | $35.4M | Current | No | 2.84x | 84% |
| July 2026 | $35.5M | Current | No | 2.86x | 87% |
| June 2026 | $35.6M | Current | No | 2.86x | 87% |
| May 2026 | $35.8M | Current | No | 2.86x | 87% |
| April 2026 | $35.9M | Current | No | 2.86x | 87% |
| March 2026 | $36.0M | Current | No | 2.86x | 87% |
| February 2026 | $36.2M | Current | No | 2.86x | 87% |
| January 2026 | $36.3M | Current | No | 2.91x | 88% |
| December 2025 | $36.4M | Current | No | 2.91x | 88% |
| November 2025 | $36.5M | Current | No | 2.91x | 88% |
| October 2025 | $36.7M | Current | No | 2.92x | 90% |
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 |
|---|---|---|---|---|
| Morgan Stanley Bank of America Merrill Lynch Trust 2017-C34 | 6 | $35,265,256 | Sep 2026 | SEC filing, September 29, 2026 |
Other self storage loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Mall of Louisiana | Baton Rouge, LA | Self storage | $287.5M | 3.984% | Aug 2027 | 1.41x | 86% | Current |
| Extra Space Self Storage Portfolio | Self storage | $92.0M | 4.175% | Dec 2027 | 3.35x | 81% | Current | |
| Extra Space SS Portfolio | Self storage | $60.0M | 4.175% | Dec 2027 | 3.35x | 81% | Current | |
| U-Haul of Medford | Somerville, MA | Self storage | $51.2M | 3.703% | Sep 2027 | n/a | n/a | Current |
| U-Haul SAC Portfolios 14, 15, 17 | Self storage | $44.7M | 3.703% | Sep 2027 | 1.54x | 83% | Current | |
| Henderson - Stephanie Pl | Henderson, NV | Self storage | $42.4M | 4.175% | Dec 2027 | n/a | n/a | Current |
| Storbox Self Storage | Pasadena, CA | Self storage | $41.5M | 4.808% | Feb 2027 | 3.07x | 99% | Current |
| Brookwood Self Storage LA-MS Portfolio | Self storage | $40.0M | 3.94% | Jul 2027 | 3.87x | 81% | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.