Industry Investors Launch Storage Opportunity PartnersIndustry Investors Launch Storage Opportunity Partners

In late 2006, Investors David Levenfeld and Ian Burnstein formed Storage Opportunity Partners LLC, specializing in the acquisition, repositioning and disposition of self-storage facilities in New England and Michigan. The Farmington Hills, Mich.-basedcompany acquires individual underperforming properties and invests in physical, management and marketing improvements to bring them up to investment grade. Once it acquires a mass of properties in its target markets and enhancements are implemented, the portfolios will be marketed for sale to large industry buyers.

With its affiliates and partnersincluding Farmington Hills-based Northern Equities GroupStorage Op has bought, operated, managed and sold nearly 2.7 million square feet of self-storage space, according to an article in the Oakland (Mich.) Business Review. The company also is eyeing 2- to 10-acre sites for development.

In coming months, the company will designate a third target market, most likely in the Southeast. For more information, call 617.658.1200 or visit www.storageop.com.