This article appeared in GlobeST on November 17th. It’s another sign that more institutions are beginning to chase yield in self storage. CubeSmart announced that it has entered into an agreement to acquire 100% of the outstanding partnership units of LAACO, the owner of the Storage West platform, for approximately $1.69 billion. The deal includes… Continue reading CubeSmart to Acquire Self-Storage Portfolio for $1.69B
Month: November 2021
Public Storage Acquires $1.5B Portfolio
This article appeared in GlobeST on November 3rd. Public Storage has acquired All Storage’s portfolio for $1.5 billion. The portfolio comprises 56 self-storage properties (or 7.5 million net rentable square feet) with 52 located in the growing Dallas-Fort Worth market and the rest in Oklahoma City and Killeen, Texas. The Pandemic’s Disruption Drew Dolan,… Continue reading Public Storage Acquires $1.5B Portfolio