Related Cos. Acquires Self Storage Portfolio In Arizona, Colorado, Texas, Utah & Idaho For $266M

Texas, United States

$266,000,000

$204/SF

Building Size

1,300,000 SF

Asset Type

Self Storage

Closing

Jan 2, 2023

AI

The Self Storage Portfolio, consisting of 9,600 units and spanning 1,300,000 square feet, has been sold in a transaction valued at $266,000,000. The portfolio is located in Arizona, Colorado, Texas, Utah, and Idaho.

Summary of transation details

Property Type: Self Storage
Transaction Amount: $266,000,000
Units: 9,600
Square Footage: 1,300,000
Market: Arizona, Colorado, Texas, Utah, Idaho

The buyer of the Self Storage Portfolio is Related Cos. The seller, on the other hand, is Wentworth Property Co. The transaction was facilitated by Tom Gustafson from Colliers.

The lender for this deal is Guardian Life Insurance Co. The mortgage brokers involved are John Smeck and Alix Hanna from Colliers, as well as Eastdil Secured.

Players