Etude Capital has acquired a four-property Midwest self-storage portfolio totaling more than 300,000 rentable square feet and more than 2,600 units.
JLL’s Self Storage team represented the seller, Affordable Family Storage, and procured the buyer. CubeSmart and Extra Space manage the properties.
All four properties are recently delivered conversion projects from big-box retail spaces or former industrial warehouses. The properties offer highly functional layouts; institutional-quality, class A design and amenities; and are 33 percent occupied overall. Each property within the portfolio is in a densely populated, top-performing trade area with great accessibility.
