Strong population growth and in-migration across the Sunbelt markets continue to fuel interest by leading real estate firms wanting in on self-storage facilities.
KKR acquired five new self-storage properties totaling approximately 4,100 units from four different sellers through three deals for an aggregate purchase price of approximately $98 million.
The properties are located in Phoenix, Arizona; Dallas, Texas; San Antonio, Texas; and Palm City, Fla., and are expected to bring "outsized demand over the medium to long term," according to a release.
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.
