Real estate investment firm World Class Capital Group LLC (WCCG) recently purchased a three-property self-storage portfolio in the Jackson, Miss., Metropolitan Statistical Area. The facilities will be rebranded and managed by Great Value Storage, WCCG’s storage-management platform.
The properties comprise 238,445 square feet of storage space in more than 1,800 units. They were previously managed by Uncle Bob’s Self Storage, the operating brand for self-storage real estate investment trust Sovran Self Storage Inc.
The purchase is WCCG’s fourth self-storage portfolio acquisition this year. Most recently, the company acquired a seven-property self-storage portfolio in Columbus, Ohio.
“This acquisition expands the Great Value Storage brand and gives us a new footprint in the Southeast. We’re excited to expand the Great Value Storage platform to service new customers in the state of Mississippi,” said Nate Paul, CEO and president of WCCG.
WCCG is a national real estate investment firm focused on acquiring, developing and managing real estate. Its portfolio includes investments in industrial, land, multi-family, office, retail and self-storage properties. The company is headquartered in Austin, Texas, and has an office in New York City.
Great Value Storage is a privately owned self-storage company that operates 60 self-storage facilities in Illinois, Indiana, Mississippi, Missouri, Nevada, New York, Ohio, Tennessee and Texas.