TIAA Records $99.7M Loan Tied to CubeSmart Portfolio in Collin
A Collin County deed of trust to TIAA cites a $99.7M note on a CubeSmart portfolio, after CubeSmart LP deeded a McKinney storage lot to the borrower.
- Source Briefing
- Public record
Teachers Insurance and Annuity Association of America (TIAA) is the lender on a deed of trust recorded in Collin County on Nov. 9, 2026, and the instrument cites a promissory note of $99,700,000. The borrower is CS HC Owner LLC, and the document is headed “CubeSmart CREST Portfolio 2026.”
Why it matters
The loan reads as a portfolio financing, not a single-asset mortgage. The Collin legal description covers two parcels in the Safeway Storage II McKinney subdivision, Lot 1R, Block A, so the $99.7M should not be read as the value of the McKinney property alone.
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The chain of title points to CubeSmart. A separate deed, recorded Nov. 3, shows CubeSmart LP conveying that same McKinney lot to CS HC Owner LLC. The borrower is new: the Texas Comptroller lists it as a Delaware entity whose Texas registration took effect Sept. 30, 2026, with no officers on file. For lenders and operators watching Dallas-Fort Worth storage, it is a fresh data point on who is financing the sector, set against the wider Dallas market.
The numbers
- Note principal cited in the deed of trust: $99,700,000, from the clerk’s instrument 2026000148093.
- Lender: Teachers Insurance and Annuity Association of America.
- Collin legal description: two parcels, Safeway Storage II McKinney, Lot 1R, Block A.
- Deed of trust recorded Nov. 9, 2026; CubeSmart LP deed to the borrower recorded Nov. 3, 2026.
The document runs 23 pages. We did not find an allocation of the note across the portfolio’s other properties in the Collin filing, so no per-asset figure is stated here.
What’s next
Watch for matching deeds of trust in other counties under the same “CubeSmart CREST Portfolio 2026” label, which would show how many properties the $99.7M note spreads across. Neither CubeSmart nor TIAA has commented on the transaction, and we have not seen a release from either.
Quick answers
- What is the latest on CubeSmart in Dallas-Fort Worth?
- A Collin County deed of trust to TIAA cites a $99.7M note on a CubeSmart portfolio, after CubeSmart LP deeded a McKinney storage lot to the borrower.
- What are the key numbers for CubeSmart?
- note principal cited: $99.7M; parcels in the Collin legal: 2; deed of trust recorded: Nov. 9.
- Where does the information on CubeSmart come from?
- The story cites Collin County Clerk, deed of trust, instrument 2026000148093, Collin County Clerk, deed, instrument 2026000145978 and Texas Comptroller, CS HC Owner, LLC franchise tax detail.
On the record
Deed of trust recorded Nov. 9, 2026 from CS HC Owner LLC to Teachers Insurance and Annuity Association of America cites a $99,700,000 promissory note and is headed 'CubeSmart CREST Portfolio 2026'
Public record · collin.tx.publicsearch.us
Primary record
- Public recordCubeSmart LP deeded the same Safeway Storage II McKinney lot to CS HC Owner LLC, recorded Nov. 3, 2026View the record on collin.tx.publicsearch.us
- Public recordCS HC Owner, LLC is a Delaware entity with an active Texas registration effective Sept. 30, 2026 and no officers listedView the record on comptroller.texas.gov