Highline Storage Partners Allies With Heitman to Invest in Self-Storage Acquisitions and DevelopmentHighline Storage Partners Allies With Heitman to Invest in Self-Storage Acquisitions and Development

ISS Staff

January 23, 2025

1 Min Read
The word news on a computer screen

Highline Storage Partners, which operates the USA Storage Centers brand, and real estate investment-management firm Heitman LLC have formed a joint venture to invest in self-storage acquisitions and development throughout the U.S. The partnership was seeded with a recapitalization of five existing Highline assets and will have access to additional equity capital to fund future investments, according to a press release.

“Highline's joint venture with Heitman represents a unique and powerful new investment partnership in the self-storage industry,” said Highline CEO Key Foster. “We expect to accelerate our already active pace of investment significantly in the coming years.”

“The joint venture with Highline is another milestone in Heitman's 30-plus year history of investing in the self-storage sector,” said Doug Gurr, who leads U.S. self-storage acquisition efforts at Heitman. “We are thrilled to have formed this new partnership with Highline, a vertically integrated operator with an institutionally experienced team.

Highline acquires, repositions and develops self-storage properties in secondary and tertiary markets. It operates more than 50 USA Storage Centers in the Southeast. It’s an affiliate of investment firm Highline Real Estate Partners.

Related:Common Self-Storage Exit Strategies and Ways for Owners to Maximize Their Parting Profit

Founded in 1966 and headquartered in Chicago, Heitman has $49 billion in assets under management. With 10 offices worldwide, the company invests in private equity, debt and publicly traded real estate securities.

Source: PR Web, Highline Storage Partners Launches Strategic Joint Venture with Heitman

Subscribe to Our Weekly Newsletter
ISS is the most comprehensive source for self-storage news, feature stories, videos and more.

You May Also Like