BlueGate Boat & RV Storage has formed a $250 million joint venture with GEM Realty Capital to accelerate acquisitions and development across the United States.
The venture supports BlueGate’s mission to become the nation’s leading owner and operator of dedicated storage facilities for outdoor enthusiasts. The partnership with GEM will allow the company to build on its existing portfolio of premium, class A boat and recreational vehicle (RV) storage facilities located in high-demand markets.
“Our company’s sight is fixed on becoming the leading owner and operator of high-quality, fully dedicated recreational storage facilities,” said Neil Dyer, president of BlueGate. “The partnership with GEM will accelerate our growth across the country as we build a national platform delivering unmatched service and storage solutions to the recreational vehicle and boater community.”
Derek Lopez, CIO of private markets for GEM, said, “Over the past several
