SÃO PAULO, Brazil—GuardeAqui, the Brazilian self-storage owner/operator, has formed a joint venture with Morgan Stanley Alternative Investment Partners to advance the growth of GuardeAqui's operating platform.
Morgan Stanley Alternative Investment Partners joins GuardeAqui's current partner, Equity International, the Chicago-based institutional real estate investment company led by Sam Zell and Tom Heneghan.
"We are very excited to partner with GuardeAqui in this joint venture. We are confident in GuardeAqui's industry-leading execution and operational capabilities to retrofit and develop self-storage facilities in Brazil, a country with a severe undersupply of quality properties and yet demonstrated, growing demand," said David Boyle, CIO and Co-Head of the Morgan Stanley Alternative Investment Partners Real Estate group. "We are also pleased to work closely with Equity International in this venture and believe their experience and expertise will be integral to the continuing success of GuardeAqui."
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
