Morningstar Properties LLC, which operates self-storage properties under the Morningstar Mini-Storage brand, has purchased four self-storage facilities in North Carolina and two in South Carolina. The new acquisitions add nearly 315,000 square feet of space and more than 2,500 units to the companys portfolio. All six will be operated under the Morningstar Mini-Storage brand name.

The company now owns and operates 27 facilities in nine states, with a high concentration in the South.

The new facilities are: 

The property in Mt. Pleasant is Morningstars first re-entry to the Charleston region since selling its 43-property portfolio to self-storage real estate investment trust Public Storage Inc. in October 2013. The facility is undergoing a major expansion in which some existing parking spaces and drive-up units will be converted into a new, multi-story building, adding 30,000 square feet of storage space and 250 units.

These facilities are in excellent physical condition and have shown strong results recently in terms of occupancy and rental revenue, said Dave Benson, president and CEO. We expect them to be strong performers right off the bat.

Founded in North Carolina in 1981, Morningstar Properties is a vertically integrated real estate developer, owner and operator of real estate products focused primarily on self-storage and marinas in the Southeast. The company has developed, acquired and operated more than 125 self-storage projects across the country, totaling more than 8.8 million square feet. In addition to storage centers, Morningstar owns and operates 12 marinas across the Southeast and the Great Lakes region. The companys future growth is funded through Blue Doors Capital Management, an affiliated private-equity fund designated for acquisition and development of self-storage centers.