Davis, Goodfriend Form Self-Storage JV Following Syosset Acquisition

Boston-based real estate investment, development, and management firm The Davis Companies has entered into a joint venture with self-storage owner/operator GoodFriend Storage, following the acquisition of Syosset Self-Storage at 475 Underhill Blvd. in Syosset, NY. The acquisition is Davis’ 21st self-storage acquisition/development project.

Located on the affluent North Shore of Long Island, 475 Underhill has been operated by a private local ownership group for more than two decades. The planned conversion of the warehouse and enhancements to the property will optimize functionality, increase capacity, and strengthen the facility’s position as a high-quality self-storage destination serving Syosset and the broader Long Island market.

“Developing a programmatic partnership with GoodFriend has been a key goal for us for some time,” said Kevin Wong, VP of investments at Davis. “The venture represents an opportunity to expand our self-storage portfolio in the Long Island market with a partner that brings invaluable experience and a deep understanding and long history of the surrounding market.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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