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Ivanhoé Cambridge Forms Partnership to Enter U.S. Self-Storage Sector
Ivanhoé Cambridge has formed a strategic partnership with Safely Store Self Storage targeting the self- storage sector in the U.S. and marking its entry into this alternative industrial asset class. Safely Store is a dedicated investment platform formed by the principals of Iron Point Partners, LLC and the self-storage platform of Taylor/Theus Holdings, Inc..
Montreal-based Ivanhoé Cambridge, alongside another global institutional investor, and Safely Store will invest an initial US$400 million in equity to be deployed nationally over the next few years, with the potential to scale up further over time. The partnership’s investment strategy is focused on Tier I and Tier II markets.
“Self-storage has proven its resilience throughout economic cycles, outperforming almost all other sectors over the short and long term, which makes it an attractive addition to our portfolio as we continually seek diversification in buoyant segments,” said Michael Neuman, head, industrial, United States and Latin America at Ivanhoé Cambridge.
- ◦Sale/Acquisition
