Self-storage operators US Storage Centers and Iron Gate Properties have joined forces to form Westport NW Management LLC, a strategic partnership that will develop and acquire storage facilities in the Pacific Northwest. The current portfolio includes six locations with a seventh in development.
“I’m excited about this new partnership and the professionalism and experience US Storage Centers adds to this venture,” said Glen Aronson, president and CEO of Iron Gate. “In addition to our newest property in development, we have an acquisition pipeline filled for 2014 and 2015.”
Aronson’s primary focus will be new acquisitions and development. US Storage Centers will be responsible for managing the facilities and marketing the portfolio.
“Combining the success, experience and resources of US Storage Centers with one of the best regional operators in the Northwest will produce exciting results,” said Charles Byerly, president and CEO of US Storage Centers. “Glen brings regional expertise, relationships and experience in getting deals done. Our goals for the future of self-storage in the Pacific Northwest were in alignment from the beginning, and the strengths of both companies complement each other in a way that will advance our vision for Iron Gate Properties.”
The joint venture will also expand it’s third-party management services in the Oregon and Washington self-storage markets.
“One of the many benefits we provide for our third-party management clients is the ability to reach an operational scale through a larger platform, such as revenue management or marketing budgets,” said Dave King, director of business development for US Storage Centers. “We believe with the additional goal to expand third-party management services to local operators in the Oregon and Washington markets, many operators in the Pacific Northwest will benefit from our platform.”
US Storage Centers owns, operates or manages more than 75 self-storage in 12 states including Arizona, California, Georgia, Florida, Nevada and Texas.
Iron Gate owns and operates five properties in Vancouver, Wash., and one in Beaverton, Ore.