Self Storage Management Co. Explores Sale of MiniStorage Southern California Portfolio

Los Angeles-based Self Storage Management Co. (SSM) is working with investment-management and real estate firm Jones Lang LaSalle Inc. (JLL) on the potential sale of its 12-property MiniStorage portfolio in Southern California. The facilities could fetch more than $400 million, according to a report from Bloomberg.

SSM has operated in the region for more than 30 years. It ranked No. 47 on the Inside Self-Storage 2020 Top-Operators List of facility owners with a portfolio comprising more than 2.6 million rentable square feet. It didn’t report figures for inclusion on the 2021 Top-Operators Lists.

Officials from JLL and SSM haven’t commented publicly about the possible sale.

Source: Bloomberg, MiniStorage Considers a Sale as Self-Storage Industry Consolidates

TAGS: News Selling
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