Reliant Real Estate Management has bought a self-storage portfolio consisting of two new facilities totaling 1,200 units in Murfreesboro, Tenn., a suburb of Nashville.
The seller was Utah-based Wasatch Storage Partners.
The portfolio comprises the 662-unit Salem Glen Self Storage facility at 3450 Glenside Court and the 538-unit CubeSmart facility at 1932 Cason Lane. Glenside Court was completed in 2005 and expanded in 2017. The well-maintained property has a mix of 177 climate-controlled and 485 drive-up, non-climate-controlled units along with modern security features. The Cason Lane property was completed in 2017 and expanded this past spring to add 57 RV parking units. The unit mix includes 244 climate-controlled and 237 drive-up, non-climate-controlled units, and the facility was designed to institutional-quality standards with modern security features. Both properties are within three miles of at least 1,000 multi-housing units in various stages of development.
