Store Here LLC, a joint venture between certain affiliates of Westport Capital Partners LLC and Store Here Management LLC, has purchased Academy Storage in Colorado Springs, Colo., and American Mini Storage in Shreveport, La. The properties will be managed by Store Here Management. Store Here now operates in six states.
“The acquisitions of properties in Colorado and Louisiana broaden our presence into markets that we believe have strong fundamentals in terms of community and commerce. We are thrilled to be in these markets and will bring professional management practices to these properties,” said James J. Hanrahan, acquisitions director of Store Here Management.
Store Here’s portfolio now includes 22 facilities and nearly 1.6 million net rentable square feet of storage space, Hanrahan said. The company was recently identified as one of eight independent self-storage operators expected to grow significantly in 2015 by SpareFoot, an online marketplace for self-storage consumers.
Store Here Management is a property-management and investment company with an acquisition and analysis division focusing on the self-storage industry. Its operating partner, RHW Capital Management Group, was founded in 2012 by industry veterans with more than 70 years of combined experience to provide a stable source of funding and management, according to a company press release.
Westport Capital Partners is a real estate investment firm that provides domestic and international investment opportunities to institutional and private clients. Through its various funds, the firm invests in a wide variety of distressed and opportunistic real estate assets. It has offices in Wilton, Conn., London and Los Angeles.