Harrison Street Asset Management has acquired a 21-property self-storage portfolio totaling 1.3 million net rentable square feet and more than 10,800 units through a joint venture with Morningstar Properties, a long-standing operating partner with which Harrison Street began investing in 2007.
The portfolio spans markets that showcase strong growth fundamentals across Arkansas, Florida, Georgia, North Carolina, South Carolina, Texas and Virginia, with 71 percent of the assets located in top 30 U.S. metropolitan areas such as Atlanta, Austin, Charlotte, N.C., and Houston. The well-located, high-quality properties feature a majority of climate-controlled units in areas with limited supply under construction and strong population growth.
The portfolio is 90 percent occupied and has demonstrated strong lease-up momentum in recent months, with move-ins increasing by 21 percent year-over-year thus far in 2025.
Morningstar, the current operator, will continue to provid
