Blue Vista Capital Management in collaboration with UBS’s Unified Global Alternatives – Real Estate (UGA RE) business and Extra Space Storage (EXR) has formed a strategic collaboration to invest in self-storage assets in the U.S., which will have approximately $600 million in buying power to build a diversified self-storage portfolio.
The strategy is to identify core/core-plus, value-added and development opportunities across the United States, with the goal of creating a portfolio of self-storage assets designed for a perpetual life investment vehicle. EXR will manage all investment made by the collaboration and brings to the collaboration its industry-leading property management services, technology, and resources as the largest operator of self-storage in the United States
“This collaboration represents the convergence of Blue Vista’s strong relationships alongside long-term operating partners and an existing investor, with our focus and conviction to the s