property type: Self Storage

  Sovran Self Storage Inc. has formed a venture with an affiliate of Heitman LLC that will aim to acquire up to $350 million of self-storage properties in the United States. Heitman, a Chicago investment manager, committed $100 million of ...

GE Real Estate has provided $41.5 million of financing to facilitate Acadia Realty Trust's purchase of five self-storage facilities in New York and New Jersey. The financing requires only interest payments for its three-year term and can be extended for ...

Public Storage Inc. is selling its Europe operation to a venture it has with the New York Common Retirement Fund in a deal valued at about $1.18 billion. The New York pension fund is paying $606 million for a 51 ...

Charlotte Business Journal A joint venture of Morningstar Properties and Harrison Street Real Estate Capital has acquired a 300-unit self-storage facility in the Charlotte suburb of Mooresville, N.C. A purchase price was not disclosed. Morningstar, a self-storage provider based out ...

Houston Business Journal A joint venture that includes Morningstar Properties LLC has acquired a pair of self-storage facilities with a total of 1,140 units in Houston. The properties, which have 129,000 square feet of rentable space, will operate under the ...

Minneapolis Star-Tribune The Stewart Lawrence Group has paid $6.5 million for a 17.1-acre parcel in the Minneapolis suburb of Hopkins, Minn. A 275,000-square-foot cold-storage warehouse sits on the parcel, at 325 N. Blake Road. Atlas Cold Storage sold the property, ...

Crain's Chicago Business Devon Self Storage has paid $71 million for a portfolio of Chicago-area self-storage properties totaling 980,000 square feet. The Emeryville, Calif., firm acquired the 12-buiding portfolio from U-Stor-IT of Elgin, Ill. The acquisition marks Devon's entrance into ...

Houston Business Journal A joint venture that includes Morningstar Properties and Harrison Street Real Estate has purchased five self-storage facilities totaling 1,911 units in the Houston area. An undisclosed seller sold the facilities, which have 290,507 square feet. Financial terms ...

Inland American Real Estate has agreed to pay $170.7 million for a portfolio of 11 cold-storage facilities with 1.9 million square feet. Inland, an Oak Brook, Ill., REIT whose shares are publicly registered but not traded on any exchange, is ...

The Tennessean Tarco Properties has paid $8.65 million for Stars & Stripes Self Storage, a 108,600-square-foot facility in Miami. The four-story building, which contains 623 climate-controlled storage units, was sold by Albert Esdredge of West Palm Beach, Fla. The Nashville, ...