Morningstar Properties Acquires 14th Self-Storage Facility in Houston Market
Copyright 2014 by Virgo Publishing.
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Posted on: 07/19/2013



 

Self-storage operator Morningstar Properties LLC has acquired a facility in Houston, expanding its presence in the metro area to 14 properties and more than 949,000 square feet. Comprised of 61,725 square feet and 503 units, the location will be rebranded as Morningstar Mini-Storage and feature new signage and a remodeled office.

The property is in Houston’s Texas Energy Corridor, a dense residential area. Currently, 105,701 residents live in the three-mile radius around the facility, with projected population growth of 13 percent and household growth of 11 percent during the next five years, company officials said.

The facility offers temperature-controlled units, onsite management and secure, 24-hour access. Customers can rent units online and make payments securely through the company’s website.

“The facility quality and excellent residential demographics make this property a welcomed addition to our current portfolio of 13 stores in the greater Houston [metropolitan statistical area],” said Dave Benson, president. “The facility is well located in a strong growth market, and we are excited to add it to our existing Texas footprint as we build our brand in the Houston market.”

Founded in North Carolina in 1981, Morningstar owns and operates facilities in Florida, Georgia, Nevada, North Carolina, Ohio, South Carolina, Texas and Virginia.