NEW YORK CITY-After acquiring 78 U-Haul facilities in 2004 for a whopping $312 million, investment firm WP Carey & Co. LLC’s non-traded REIT affiliate, CPA:17 Global, has further expanded its self storage portfolio by acquiring nine self-storage facilities from A-American Self Storage for $46 million. GlobeSt.com has confirmed that four of the properties are located in California, three in Illinois and two in Hawaii, totaling 662,000 square feet.

The properties include two in Bakersfield, CA, amounting to 165,009 square feet; a 48,267-square-foot facility in National City, CA; a 69,444-square-foot building in Palms Springs, CA; a 92,645-square-foot location in Kihei, HI; a 72,365-square-foot facility in Pearl City, HI; a 53,634 square-foot facility at Lake Street, IL; a 69,931 square-foot Rockford, IL building and a 90,591-square-foot facility in Mundelein Townline, IL.

The transaction continues WP Carey’s presence in the self-storage arena. The firm also acquired $86 million worth of sites from A-American in July 2011, amassing 1.6 million square feet. “We’re pleased to further leverage our expertise in the self-storage space by adding these properties as a follow on to our recent acquisition of 24 storage properties-all of which are expected to provide consistent long-term income and diversification to our managed funds,” says Trevor Bond, WP Carey president and CEO, in a statement following the deal.