Six State, 27-Property Self Storage Portfolio Sold
A joint venture partnership between certain funds managed by Westport Capital Partners LLC and Store Here Management, LLC divested a 27-property self storage portfolio totaling 1.7 million square feet. The portfolio totals 12,171 units, and is located in Colorado, Georgia, Indiana, Kansas, Louisiana and Texas.
The portfolio, which currently operates under the Store Here brand, is 80.6%-occupied and features fully integrated amenities, including gate access, security cameras, climate-controlled and/or drive-up units, onsite management and R/V and surface parking. The properties are in eight MSAs, including Colorado Springs, CO, Atlanta, Indianapolis, Kansas City, KS, Shreveport, LA and Austin, Dallas and San Antonio.
HFF’s Barbara Guffey and Tom Doyle marketed the property on behalf of the seller. The buyer was reportedly National Storage Affiliates Trust (NSAT).
For comments, questions or concerns, please contact Dennis Kaiser