Trico Investments, a real estate investment company operating self-storage facilities as Lighthouse Self Storage and other brands, has acquired Midway Self Storage in Miami. The facility at 8105 N.W. 2nd St. is in an urban market that consists of high-density, multi-family residential and retail centers, according to a Trico press release. The two-story, climate-controlled building will be managed by Progressive Realty Partners Inc., Trico's property-management group.
The acquisition represented a compelling opportunity for Trico, the release stated. “We are very excited to grow our footprint in the Southeast Florida market, provide great customer service and establish relationships with our new customers," said Trico CEO Mike Rolfes.
Headquartered in Irvine, Calif., Trico is a real estate fund manager specializing in the acquisition and development of self-storage properties. The company and its affiliates have designed, developed or owned nearly 100 storage facilities across the United States and managed more than 20,000 storage units in California and Florida.
Lighthouse Self Storage provides self-storage for personal and business customers as well as boat and RV storage in California and Florida.
Founded in 1996, Progressive Realty Partners is a property-management company specializing in apartment complexes, office buildings and self-storage facilities in California and Florida. Its team currently manages more than 1.4 million square feet of space.