Madison Self Storage in San Antonio was recently purchased by property-management company RHW Capital Management Group LLC and its joint-venture partner, Woodbridge Capital Partners. The single-story facility at 14611 O’Connor Road features 500 units. Amenities include video cameras, 24-hour access, boat and RV storage, and moving and packing supplies.
“We are especially energized that we completed this acquisition in an ‘all-cash’ manner with the help of our new equity partner,” said James J. Hanrahan, amanaging partner of RHW.
"We are on very solid footing with our new equity partners and we will be aggressively pursuing top-quality assets throughout the country,” added William Lappas, a group partner.
Based in Orangewood, Calif., and formed in 2012, RHW was formed as a vehicle to acquire self-storage assets and manage ongoing projects. It was founded by Hanrahan and managing partners Ryan T. Rogers and Christopher Weber, who have a combined 65 years of acquisition and operational experience. The company currently owns and manages facilities in California, Georgia, Indiana and Texas, and will continue to grow its portfolio domestically and abroad, according to its website.