Green Courte Partners (GCP) announced that its fifth investment fund, Green Courte Real Estate Partners V, and its affiliates acquired 5301 Wilbarger, a 40-acre industrial outdoor-storage (IOS) property located in Fort Worth, Texas. The company intends to operate it as managed truck storage.
GCP’s truck storage-operating platform, GCP Truck Storage Management (GCP TSM), will be led by Currey Hall, who is a founder and the former president of Vantage Truck Parking, an earlier entrant into the truck-storage sector.
“This is a fantastic property located in a large and expanding industrial corridor in the Dallas-Fort Worth metroplex,” said Hall, managing director at GCP and president at GCP TSM. “I am very excited to lead the rollout of our operating platform and the implementation of our business plan. We will continue to pursue opportunities to acquire new properties and expand our platform.”
The property was sold by TH Logistics Fund I, a joint ventur
