Harrison Street has sold a portfolio of 12 self-storage facilities located across four states to Storage Post and Life Storage.
The portfolio comprises 625,598 rentable square feet located across facilities in Texas, New York, North Carolina and Illinois, which were operated in joint venture partnerships with Advantage Self Storage, Storage Post and Reliant Real Estate Management. One facility was third-party managed by Life Storage. Prior to the sale, the portfolio was 91 percent leased.
IREI understands the properties were held across several of Harrison Street’s funds.
“This transaction reflects Harrison Street’s vast self-storage sector expertise and our strong track record driving value for our investors and partners,” said Ben Mohns, senior managing director and head of North American asset management at Harrison Street. “We look forward to continuing to identify attractive investment opportunities in the storage space for our investors and partn
