Ivanhoé Cambridge has formed a partnership with Safely Store Self Storage targeting the self-storage sector in the United States, marking its first entry into this alternative industrial asset class.
Safely Store is a self-storage dedicated investment platform formed by the principals of Iron Point Partners and the self-storage platform of Taylor/Theus Holdings.
Ivanhoé Cambridge alongside another global institutional investor and Safely Store will be investing an initial $400 million in equity to be deployed nationally over the next few years, with the potential to scale up further over time.
The partnership's investment strategy is focused on Tier I and Tier II markets, and it is designed to cover the risk/return spectrum to blend to a value-add return with a mix of ground-up developments, redevelopments, and acquisitions of lease-up projects and undermanaged operational assets.
"Self-storage has proven its resilience throughout economic cycles, outpe