Nuveen Real Estate invests in self-storage platform MyPlace

Nuveen Real Estate has invested in MyPlace, a vertically integrated self-storage platform that was recently launched by 30-year industry veteran Kurt O’Brien, founder and former CEO of Simply Storage.

MyPlace will operate nationally but will primarily focus on secondary markets across the Midwest, Sun Belt and Mountain West with strong demographic trends and limited self-storage supply. With a focus on technology, MyPlace will leverage its expertise to automate many of its facilities and streamline operations. MyPlace and Nuveen started acquiring assets together in 2022 and have approximately $300 million of assets under management across both value-add and core-plus strategies. The partnership aims to strategically grow its AUM to approximately $1 billion over the next two years.

“We are thrilled to partner with a proven leader, like O’Brien, who is aligned with our growth and operational goals in a sector we continue to prioritize,” said Michael Hunter, glob