Subsidiaries of the investment-management company Global Income Fund have acquired two self-storage facilities in Illinois and one in Indiana. The three facilities comprise more than 197,000 rentable square feet and 1,754 storage units. Two of the assets also have room for expansion, company officials said.
The facilities are located in Bolingbrook, Ill., Dolton, Ill., and Merrillville, Ind. "We are very pleased to add these facilities to the company's portfolio and look forward to continued expansion of the Global Self Storage brand," said Mark Winmill, president and CEO of Global Income Fund.
The company indicated it will continue to seek self-storage investment opportunities. Earlier this year, its Self Storage Group I LLC subsidiary purchased Sadsbury Self Storage, a 49,198-square-foot facility in Sadsburyville, Pa.
Global Income Fund is a non-diversified, closed-end, investment-management firm whose common stock is traded over the counter under the ticker symbol "GIFD." The primary investment objective of the company has been to provide a high level of income, with capital appreciation as a secondary objective.