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Chicago & Midwest  + Midwest  + Retail  | 

VanWest Grows Self-Storage Footprint with Michigan Properties

Denver-based VanWest Partners has added five Michigan properties to its newest fund, VanWest Self Storage Fund II, LLC. Year to date, the company has acquired seven self-storage facilities representing just under $30 million in total capitalization. 

The Michigan portfolio includes two self-storage facilities in the greater Detroit market and three facilities in the Grand Rapids market.  The portfolio totals just over 265,000 net rentable square feet and 1,628 units including 232 boat and RV parking spaces. 

VanWest plans to rebrand the five facilities under its ClearHome Self Storage management platform. With the addition of the Michigan portfolio, VanWest now owns and operates self-storage facilities in eight states and 12 metro areas nationwide.

“The geographic concentration of the portfolio complements our other Midwest markets nicely and positions Fund II to further benefit from the economies of scale that a large, diverse portfolio offers,” said Jacob Vanderslice, managing partner of VanWest.

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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 13-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 15-20 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).

  • ◦Acquisition