Real estate firm Rosewood Property Co. (RPC) has acquired a newly opened self-storage facility in San Antonio, its third in the city. The property at 12211 N. I-35 comprises 88,875 rentable square feet of storage space in 784 climate-controlled units. It’ll be managed by self-storage real estate investment trust Extra Space Storage and branded under its name, according to a press release.
“This facility adds another important project to our expanding presence in the self-storage sector,” said CEO Bill Flaherty. “The facility, which was recently completed, is quite visible from I-35 and is performing well. We continue to focus on additional acquisitions in multiple markets that would be a strategic fit within our portfolio.”
RPC also operates facilities at 7363 N. Loop 1604 W. and 9738 Huebner Road in San Antonio. Both properties opened in late 2016.
Based in Dallas, RPC owns 43 self-storage facilities in 11 states, totaling more than 3.25 million square feet and containing 26,500 storage units. The company is developing multi-story projects in select markets and remains focused on actively building its portfolio, mainly through acquisition, the release stated.
RPC is a wholly owned subsidiary of The Rosewood Corp., a private investment concern owned by the Caroline Hunt Trust Estate. Its investments include office, multi-family, industrial, self-storage and land assets as well as equity securities of public and private real estate investment companies.