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Transactions - NOVEMBER 22, 2022

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North Carolina Retirement Systems places $300m in self-storage fund

by Kali Persall

The North Carolina Retirement Systems has invested $300 million in Prime Storage NC, as part of its noncore real estate allocation, according to a Nov. 16 investment document.

The value-added real estate fund is managed by Prime Group Holdings, which is the largest private owner-operator of self-storage facilities in the United States.

Focused solely on self-storage, Prime Group sources, owns and manages its portfolio of more than 12.5 million rentable square feet, located in 24 states and one U.S. territory.

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