Versal Partners announced the closing of a Life Storage managed facility in North Las Vegas, NV (below). It has 90,875 rentable square feet and three stories, as well as climate-controlled facilities with interior and drive-up units. The seller was HPI Self Storage LLC.
HPI Real Estate bought the CubeSmart at 3510 Lakeland Highlands Road in Lakeland, FL. It has 74,250 rentable square feet spread across 754 units. HPI now owns six operating facilities in Florida and plans to break ground on four more within 12 months. Source: HPI Real Estate
Strategic Storage Growth Trust III bought two self-storage facilities in The Villages, a 5,600-acre master-planned community in Central Florida. California-based Strategic Storage Growth Trust III is a private company that plans to qualify as a REIT sponsored by an affiliate of SmartStop Self Storage REIT. It launched in May. The portfolio has 187,400 square feet. The assets include a 1,010-unit property at 5688 Florida Highway 44 in Wildwood and a 750-unit facility at 175 Rolling Acres Road in Lady Lake. Source: REBusiness Online
Make Space Capital Partners, located in Vancouver, British Columbia, Canada spent $51.6 million (CAD) to buy seven storage investments. Their locations include Vancouver Island, BC; Edmonton, Alberta; Calgary, Alberta; Kitchener, Ontario and Mississauga, Ontario. The transaction adds more than 3,800 units and more than…
