Self storage portfolio, 8 properties · Multiple locations
U-Haul AREC 27 Portfolio
This portfolio is financed with a $22.2M CMBS loan at 4.335% that reaches its anticipated repayment date on April 1, 2028, in 17 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $22,246,786
- Original balance (same notes)
- $28,500,000
- Interest rate
- 4.335% fixed
- Originated
- March 29, 2018
- Maturity
- April 1, 2038
- Anticipated repayment date
- April 1, 2028 (the rate steps up if the loan is not repaid by then)
- Payments
- Amortizing over 25 years
- Prepayment lockout ends
- January 31, 2028
- Master servicer
- Trimont LLC
- Originator
- JPMorgan Chase Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Units, rooms or beds
- 4,445
- Value at securitization
- $45.2M
Performance
| At securitization | Latest (Jun 2025) | |
|---|---|---|
| DSCR (NOI) | 1.70x | 3.94x |
| Occupancy | 91% | 91% |
| Net operating income | $3.2M | $7.4M |
| Debt yield | 33.1% |
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 JPMDB Commercial Mortgage Securities Trust 2018-C8 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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 131% above the underwritten figure ($7.4M a year against $3.2M).
- Debt service coverage moved from 1.70x at securitization to 3.94x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $22.2M | Current | No | 3.94x | 91% |
| August 2026 | $22.3M | Current | No | 3.94x | 91% |
| July 2026 | $22.4M | Current | No | 3.94x | 91% |
| June 2026 | $22.5M | Current | No | 3.94x | 91% |
| May 2026 | $22.5M | Current | No | 3.94x | 91% |
| April 2026 | $22.6M | Current | No | 3.74x | 90% |
| March 2026 | $22.7M | Current | No | 3.74x | 90% |
| February 2026 | $22.8M | Current | No | 3.74x | 90% |
| January 2026 | $22.8M | Current | No | 3.63x | 90% |
| December 2025 | $22.9M | Current | No | 3.63x | 90% |
| November 2025 | $23.0M | Current | No | 3.63x | 90% |
| October 2025 | $23.0M | Current | No | 3.47x | 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 |
|---|---|---|---|---|
| JPMDB Commercial Mortgage Securities Trust 2018-C8 | 12 | $22,246,786 | Sep 2026 | SEC filing, September 28, 2026 |
Other self storage loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Extra Space Washington | Washington, DC | Self storage | $105.0M | 4.532% | Mar 2028 | n/a | n/a | Current |
| Extra Space - TIAA Self Storage Portfolio | Self storage | $66.0M | 4.532% | Mar 2028 | 2.79x | 95% | Current | |
| Brookwood Chase Portfolio | LA | Self storage | $65.0M | 4.07% | Jan 2028 | 3.00x | 80% | Current |
| Prime Storage Bridgehampton | Bridgehampton, NY | Self storage | $65.0M | 6.39% | Jul 2028 | n/a | n/a | Current |
| Extra Space - TIAA SS Portfolio | Self storage | $58.0M | 4.532% | Mar 2028 | 2.79x | 95% | Current | |
| Westport Self Storage Portfolio | Self storage | $47.4M | 4.68% | Jun 2028 | 2.00x | 80% | Current | |
| Extra Space Storage - Oakland | Oakland, CA | Self storage | $43.8M | 7.03% | Oct 2028 | n/a | n/a | Current |
| U-Haul AREC 28 Portfolio | Self storage | $39.5M | 4.493% | Nov 2028 | 2.89x | 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.