Ardent Companies Completes Self-Storage Recapitalization via StepStone

The transaction marks a significant milestone for Ardent, which maintains its role as the day-to-day asset manager and general partner for the portfolio. ACORE Capital provided a mortgage loan to support the restructuring, ensuring the firm retains operational control while returning capital to its investors. Jordan S. Lewis, a shareholder in Greenberg Traurig’s Atlanta office, led the legal team that has advised Ardent on these assets from their initial acquisition through development and current operation.

Thomas Olson, partner and head of self-storage strategy at Ardent, credited the firm’s long-term legal partnership for the successful execution of the venture. A cross-office team from Greenberg Traurig, including partners from Chicago, Denver, and Philadelphia, managed the complex private funds, tax, and real estate financing requirements. Michael J. Baum, co-president and global real estate practice co-chair, noted that the structure allows Ardent to stabilize its institutional-quality assets while creating a platform for future growth.