LOS ANGELES, CA – Los Angeles-based developer LaTerra Development has launched a self-storage development platform and formed a joint-venture with a fund managed by Macquarie Asset Management.
The joint-venture partnership plans to deploy up to $300 million to develop ground-up self-storage facilities. The projects will initially be concentrated in Los Angeles and other Southern California markets.
The partnership's first three projects are currently underway, including 55,000 square feet in Mar Vista, CA, 63,000 square feet in Van Nuys, CA, and 77,000 square feet in the North Hollywood/Burbank, CA area. The companies are actively seeking additional sites for development.
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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.
