Artemis Real Estate Partners Enters $300M JV to Acquire Self-Storage Properties
Chevy Chase, MD-based investment manager Artemis Real Estate Partners has entered into a $300 million programmatic joint venture with Maya Capital Partners, a New York, NY-based a real estate investment and development company, to focus on high-quality value-add self-storage assets in the Northeast.
Transactions will comprise both marketed and off-market acquisitions of high-quality value-add properties and certificate of occupancy lease-up plays with the goal of creating a diverse portfolio of assets.
Dustin Stolly and Jordan Roeschlaub of Newmark arranged the JV, which will utilize Maya Capital Partners’ existing “Drive Up Storage” brand, a tech-forward operating system with remote management and on-site, kiosk-driven customer interaction and interfacing.
The Artemis Real Estate Partners venture was seeded by the acquisition of a 1,120-unit Class A self-storage asset in New Rochelle, NY. CIBC provided the financing for this transaction.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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