- First Citizens BancShares’ First Citizens Bank provided **$157 million** in financing to Morningstar Properties. - The facility is earmarked to refinance **Blue Doors Storage Fund IV**, sponsored by Morningstar affiliate **Blue Doors Capital Management**. - The fund invests in the acquisition and development of self-storage properties across major metropolitan markets and strategic secondary U.S. markets. - The transaction extends a multi-year relationship between First Citizens’ Middle Market Banking unit and Morningstar Properties.
