CBRE Global Investors Invests in US Self Storage Portfolio
Posted on 01/08/2021
CBRE Global Investors, through one of its funds, and The William Warren Group purchased 232,536 square feet worth of self-storage assets in Arizona, Florida, and New York. The portfolio consists of four properties. The property portfolio includes 2,165 individual self-storage units and were purchased as part of a joint venture partnership. The self storage units will operate under the StorQuest Platform. All facilities are climate-controlled.
Assets
20825 W. McDowell Road in Buckeye, Arizona
4700 S. Val Vista Drive in Gilbert, Arizona – Seller – Hines Developments (Hines Group)
US Highway 19 N. in Tarpon Springs, Florida – Seller NitNeil Partners
588 N. State Road in Briarcliff Manor, New York – Seller – Good Friend Management
The assets sold for about US$ 53.5 million.
Santa Monica-based The William Warren Group is a U.S. self-storage management company that manages self storage assets for its own accounts, as well as for other third party investors.
Keywords: CBRE Inc.