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Buchanan Street Partners Launches Self Storage Investment Platform
Newport Beach-based Buchanan Street Partners launched a self-storage investment platform. This new growth initiative will be led by Feerooz Yacoobi, who joins the firm as vice president from William Warren Group / StorQuest Self Storage.
Buchanan Street plans to deploy $350- to $500-million over the next five years in both self-storage acquisition and development in major markets throughout the western U.S. The firm’s focus will be on value-add and core-plus opportunities in trade areas that are experiencing strong population growth.
Yacoobi says, “Self-storage has historically provided strong yields relative to other real estate. Now it continues to prove its resiliency as an asset class even during these turbulent economic times. We’re excited to add this alternative investment offering to Buchanan Street’s investors especially as the demand for self-storage increases from a consumer standpoint.”
While at William Warren Group, he was responsible for the acquisition and development of self-storage properties on behalf of both institutional and private investors.
For comments, questions or concerns, please contact Dennis Kaiser
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