Prime Group Holdings has acquired 30 self-storage properties comprising about 1.725 million rentable square feet across 10 states. The properties were acquired in three separate portfolio transactions that took place in a span of less than 90 days, all on behalf of the firm’s flagship investment vehicle, Prime Storage Fund III, LP.
The acquisitions include:
a 14-property portfolio of roughly 800,000 rentable square feet of self-storage in the Hudson Valley region of New York state;
a five-property portfolio in northern New Jersey of approximately 245,000 rentable square feet of self-storage; and
an 11-property portfolio of approximately 680,000 rentable square feet of self-storage in eight states across the Midwest, Southeast and Northeast.
The facilities will be managed by Prime Group and will be operated under the Prime Storage brand.
“These portfolio transactions meaningfully expand our self-storage portfolio and pres
