All Storage Considers $1B Sale of Its 53-Facility Self-Storage Portfolio

All Storage, which operates more than 50 self-storage facilities in Oklahoma and Texas, is working with commercial real estate services and investment firm CBRE Group Inc. to explore the sale of its portfolio and solicit offers from potential buyers. Bolstered by strong market dynamics, including high consumer demand and investor interest in the sector, the assets could sell for more than $1 billion, according to sources.

The All Storage portfolio comprises more than 9 million rentable square feet. Fifty of the properties are in Texas, including 14 clustered in the Fort Worth metro area, while three are in Oklahoma. The company ranked No. 16 on the Inside Self-Storage 2021 Top-Operators List of facility owners.

Officials from All Storage and CBRE haven’t commented publicly about the possible transaction, though it has been reported by Bloomberg and other news outlets.

Founded in 1994, All Storage is headquartered in Mustang, Oklahoma. The company is led by CEO Jay Schuminsky.

Sources:
Bloomberg, All Storage Works With CBRE on $1 Billion-Plus Sale
The Real Deal, All Storage courts $1B-plus sale with CBRE