StorageMart closed on C$566 million ($445 million) of debt used primarily to refinance existing debt placed in 2015 on 63 Canadian self-storage properties.

Citigroup led a banking syndicate of eight lenders and two mezzanine debt investors to reach the new deal. All but one participant from the 2015 financing returned to the table, and one new lender rounded out the team.

“Our Canadian portfolio has performed very well, and we have been fortunate to enter the market at the right time with superior assets and a great team with which to operate,” said Mike Burnam, StorageMart CEO.

StorageMart is seeking to expand in markets across the U.S, Canada, and the UK. The company aims to hire 35 to 40 employees in the next three months.

StorageMart started with a single store in Columbia, MO and has grown to be the largest privately-owned, family-operated storage company in the world with 195 properties throughout the U.S., Canada and UK.