Inside Self-Storage is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

United Stor-All Forms JV With Harrison St. REC

Article-United Stor-All Forms JV With Harrison St. REC

United Stor-All Centers has formed a joint venture with Harrison Street Real Estate Capital LLC of Chicago to target the acquisition, development and redevelopment of storage properties throughout the United States.

Self-storage operator United Stor-All Centers has formed a joint venture with Harrison Street Real Estate Capital LLC of Chicago to target the acquisition, development and redevelopment of storage properties in markets throughout the United States. The companies plan to develop and acquire a bulk of assets valued at more than $300 million during the next three years. The union has already acquired an 800,000-square-foot, 6,500-unit, nine-property self-storage portfolio with assets in Florida, New Jersey, New York, Pennsylvania and Virginia. The portfolio was purchased for $90 million.
 
United's current portfolio spans the eastern United States, with a concentration in the Northeast and Florida. The company continues to expand in current markets through acquisitions and development, as well as entry into select new markets via partner relationships. For more information, visit www.unitedstorall.com.
 
Harrison Street is a real estate private equity firm founded in 2005 by Christopher Merrill, formerly a partner of one of the largest real estate investment advisors and the Galvin Family of Chicago, the founding family of Motorola. The company has assembled a team of real estate professionals with more than 50 years of combined experience. For more information, visit www.harrisonst.com.

TAGS: News
Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish