CHICAGO, IL – Global real estate investment management firm, Heitman LLC and Life Storage Inc. have formed a joint-venture partnership to acquire 13 newly-constructed self-storage properties located across seven metropolitan areas.
The acquired properties comprise a mix of urban and suburban class A properties and are at various stages of lease-up. Situated across Boston, Charlotte, Dallas, Naples, FL, Nashville, Newark, NJ and St. Louis, MO, the self-storage properties have an average vintage of 2018.
This joint-venture transaction represents Heitman and Life Storage's seventh partnership.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
