Associated Bank announces $18M loan for purchase of Omaha industrial building

OMAHA, Neb. - March 13, 2026 - Associated Bank recently completed a $18,000,000 loan to Storz Warehouse for the purchase of a 203,500 square foot industrial building located at 592 North 9th Street, Omaha, Nebraska. The sponsor is SR Realty Trust, Inc., a private non-listed REIT managed by Twin Cities commercial real estate firm Schafer Richardson. In addition to the loan, Associated Bank also financed the City of Omaha's TIF note associated with the project.

Schafer Richardson, a vertically integrated commercial real estate company established in 1995, sponsors SR Realty Trust (SRRT), a private real estate investment trust formed in 2014 for the purpose of investing in a diversified portfolio of stable, institutional quality commercial real estate assets.

John Rent, a senior vice president with Associated Bank's Minneapolis Commercial Real Estate office, managed the loan arrangements and closing. Tony Carlson and Jeff Witt of Colliers Debt and Structured Finance brokered the financing for the transaction

Associated Bank's Commercial Real Estate division is committed to providing commercial real estate developers/owners/operators with an array of financing solutions, in addition to products and services that meet their unique needs. The division has offices in Illinois, Indiana, Michigan, Minnesota, Missouri, Ohio, Texas and Wisconsin.

ABOUT ASSOCIATED BANC-CORP

Associated Banc-Corp (NYSE: ASB) has total assets of $45 billion and is the largest bank holding company based in Wisconsin. Headquartered in Green Bay, Wisconsin, Associated is a leading Midwest banking franchise, offering a full range of financial products and services from nearly 200 banking locations serving more than 100 communities throughout Wisconsin, Illinois, Minnesota and Missouri. The Company also operates loan production offices in Indiana, Kansas, Michigan, New York, Ohio and Texas. Associated Bank, N.A. is an Equal Housing Lender, Equal Opportunity Lender and Member FDIC. More information about Associated Banc-Corp is available at https://www.associatedbank.com