VanWest Partners announced the ninth self-storage buy for VanWest Storage Fund III, which launched in April 2022 and now has over $67 million in total capitalization. The new facility is in Green Bay, WI – VanWest’s seventh facility in the Wisconsin market – and it has 823 units and 150,582 NRSF. Van West’s in-house management company, ClearHome Self Storage, will manage the site, which will be called ClearHome Self Storage Green Bay. Fund III is a $150 million entity that acquires self-storage facilities. VanWest is a real estate investment firm based in Golden, CO.
Source: VanWest Partners
Greensboro, NC self-storage property Pleasant Garden Road Self Storage sold for $7.14 million to Midgard Self Storage Greensboro NC LLC, Glenville SS Holdings LLC and Abundant Life SS Holdings LLC, all of Roswell, GA, and affiliates of Reliant Real Estate Management. Randall and Paulette Clark of Pleasant Garden were the sellers. Source: Winston-Salem
StorageMart has acquired two self-storage facilities in the Kansas City, MO area. One is Summit Self Storage on NE Rice Road in Lee’s Summit and NE Davidson Road in Kansas City. Together, they add 112,266 NRSF spread across 796 units, including some that are climate-controlled. Source: StorageMart
EquiCap Commercial
EquiCap Commercial’s Jesse Luke and Scott Rihm announced three closings in Wisconsin that bring its transactional volume of more than $250 million in that state in the last four years:
- EquiCap arranged for the sale of the Lok Safe Portfolio in Green Bay, WI. It has 11 properties with a total of 475,141 NRSF.
- The company closed ClearHome Self Storage at 1700 W. Rogers Drive in New Berlin, WI. The climate-controlled property has 57,000 NRSF.
- Also, EquiCap closed NEW Self Storage at 2545 Velp Ave. in the town of Howard in Green Bay, WI. It features 18 buildings with a total of 823 units (with 53 indoor temperature-controlled units and 770 outdoor units) for a total of 150,852 NRST, plus 91 parking spots. The property sits on 11.7 acres.
EquiCap also named Paul Robertson a vice president in charge of the Self Storage Advisory Group.
