This presents a unique opportunity to acquire ten (10) nearly physically stabilized self-storage projects in the densely populated New England and SunBelt regions. The Portfolio encompasses up to 693,594 square feet with 5,168 rentable units in high-visibility locations with high median household incomes.
Most notably, this portfolio includes four locations in Texas, the second-largest U.S. state by both area and population. Texas boasts year-round temperate weather, affordable costs of living—which draws a steady influx of new residents. Facilities include climate-controlled options to protect personal belongings against the intense Texas heat. Additionally, all properties are equipped with state-of-the-art security systems with electronic gate access and around-the-clock video recording.
Three locations are also located throughout New England, a region noted for its considerable affluence. The city of Nyack, New York, for example, has a median household income of $83,930. Facilities in this region are equipped with state-of-the-art security systems, including electronic gate access and 24/7 video recording.
In total, the portfolio offers considerable upside in management, operations and revenue enhancement in the nation’s fastest-growing regions.