Centerbridge Partners and Reframe Holdings have formed a programmatic joint venture. Including leverage, the venture will be positioned to aggregate and own more than $500 million of self-storage facilities across the United States.
The partnership will focus on acquiring existing class A and institutional-quality class B facilities in top metropolitan statistical areas (MSAs) nationwide, utilizing leading third-party property managers to oversee operations. The platform combines Centerbridge's deep experience and track record in self-storage with Reframe's principals' experience in acquisitions, development, and management of self-storage and other related properties.
Centerbridge has an extensive track record investing in the self-storage sector, having owned significant self-storage businesses and assets in both public and private markets throughout the United States and Europe. Since 2017, Centerbridge has acquired approximately $3 billion of self-storage real esta
