Real estate investment firm World Class Capital Group LLC (WCCG) recently acquired a six-property self-storage portfolio in the Houston market. The 270,000-square-foot, 1,600-unit acquisition is the companys fourth portfolio purchase in the last 18 months. The facilities will be rebranded as Great Value Storage, a wholly owned and operated subsidiary of WCCG, and renovations for all six properties are underway.
Through the four portfolio purchases, as well as two single-asset acquisitions made during the same time period, WCCG has added 27 facilities comprised of more than 15,000 units and 1.8 million square feet to its national platform.
We are pleased to announce the addition of these six facilities to our growing portfolio and expand our footprint in Houston, said Nate Paul, president and CEO of WCCG. Houston is a strategic market for our platform, and we plan to continue acquiring and developing high-quality self-storage facilities in the Houston market. Our scale in the region allows us to capitalize on operating efficiencies and seamlessly integrate new assets.
We continue to be agile and opportunistic in our storage acquisitions, added Sheena Paul, vice president of WCCG. It is the key to the success of the Great Value platform.
Austin, Texas-based WCCG targets investments across a broad range of asset types through single-asset and portfolio acquisitions, and is also an active acquirer of real estate debt. The companys primary focus is the acquisition of complex or undervalued real estate assets with the opportunity to create value through repositioning, redevelopment, or leveraging its property and asset-management platform. WCCGs portfolio includes office, retail, industrial, multi-family, self-storage and land assets.
Great Value Storage operates 45 facilities in Indiana, Missouri, Nevada, Ohio, Tennessee and Texas.