Storage Ventures, a Vertically Integrated Real Estate Investment Management Platform, Acquires Storage Station in Concord, New Hampshire | Business

0

GREENWICH, Conn.–(BUSINESS WIRE)–April 25, 2022–

Storage companies, a vertically integrated real estate investment management platform focused on self-storage and related sectors, today announced the acquisition of Storage Station in Concord, New Hampshire. Storage Ventures is based in Greenwich, Conn., and is led by founding partner, U.S. real estate executive Douglas Lee.

The company’s acquisition of Storage Station complements its growing portfolio of self-service storage assets in New England. The storage station is located in Concord’s Loudon Road corridor, a thriving commercial area, and just two and a half miles from the New Hampshire State Capital Building. The property is just south of I-393, which serves Portsmouth and the New Hampshire coast, and just east of I-93, which connects the Boston metro area to New Hampshire, Vermont and points to the North. The property is comprised of a six-building complex including self-storage and a rental apartment as well as outdoor parking for cars, RVs and boats.

“We were fortunate to acquire Storage Station, an attractive asset in a tight supply market that we know well given our previous acquisition of Thirty Pines Self Storage,” said Douglas Lee, founding partner of Storage Ventures. “Acquiring multiple properties in a given market improves our competitive position and allows us to operate more efficiently. Additionally, by implementing our active management approach, we will improve property operations while enhancing the experience of our current and future guests.

About Storage Ventures

Based in Greenwich, Connecticut, Storage Ventures is a vertically integrated real estate investment management platform focused on self-storage and related industries. The firm leverages its experience in real estate investing to create tailored solutions for investors and generate attractive risk-adjusted returns. Storage Ventures believes that its investment performance is enhanced by industry specialization, vertical integration and alignment of interests.

For more information, please visit www.storageventuresllc.com.

Show source version on businesswire.com:https://www.businesswire.com/news/home/20220425005200/en/

CONTACT: Rick Keating

(917) 767-2400

[email protected] Fallon

(973) 768-6764

[email protected]

KEYWORD: NEW HAMPSHIRE CONNECTICUT UNITED STATES NORTH AMERICA

SECTOR KEYWORD: COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & REAL ESTATE SCI

SOURCE: Storage companies

Copyright BusinessWire 2022.

PUBLISHED: 04/25/2022 10:05 AM/DISC: 04/25/2022 10:06 AM

http://www.businesswire.com/news/home/20220425005200/en

Copyright BusinessWire 2022.

Share.

About Author

Comments are closed.