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Atlanta & Southeast  + Carolinas  + Finance  | 
Canvass Capital, LLC, and Barings have formed a JV to invest up to $250 million of equity into self-storage properties throughout the southeastern US.

Canvass Capital and Barings Form $250M JV, Buy Three Charlotte Self-Storage Facilities

Charlotte, NC-based Canvass Capital, LLC, and Barings have entered into a joint venture to acquire and develop self-storage properties throughout the southeastern US. The JV seeks to invest up to $250 million of equity into the self-storage space over the next several years.

The JV has already closed on the acquisition of three self-storage assets in Charlotte’s Lake Norman region involving multiple buildings totaling 1,129 units across 163,000 rentable square feet on more than 16 acres.

The JV has also already acquired a 3.82-acre site in Hilton Head, SC for the development of a new self-storage facility with two buildings containing a combined 1,231 self-storage units and totaling nearly 150,000 rentable square feet

Barings notes that it has strong conviction in the opportunities available in the fragmented self-storage property sector. The sector’s variety and mix of demand drivers has exhibited strong resiliency through economic cycles, particularly during the pandemic as self-storage needs increased.

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Canvass Capital, LLC

About Lisa McDuffie

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.

  • ◦Sale/Acquisition
  • ◦Development
  • ◦Financing
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