Stor edge self storage, a provider of storage services in West Canada, announced it will become part of InStorage Real Estate Investment Trust, the only Canadian REIT focused exclusively on ownership and management of self-storage facilities. The transaction is expected to close on Feb. 15, subject to normal closing conditions.
InStorage is one of Canada's largest self-storage owners, with 24 properties owned or managed in Alberta and Ontario. The addition of Stor edge's 10 sites will solidify its position as the second largest self-storage company in the nation.
“By becoming part of InStorage, we have achieved a major milestone,” said Bill Roberts, vice president of Stor edge. “This move facilitates our ability to grow and will take our business to the next level.”
Stor edge was created in 2001 by Bill and Archie Roberts, with the first store opening in Calgary in September 2003. The company has consecutively won the Calgary Consumers' Choice Award for Business Excellence in 2004, 2005 and 2006. For details, visit www.storedge.com.
To learn more about InStorage REIT, visit www.instoragereit.ca.