Storage Post eyes $1b storage venture with Almanac Realty Investors
Storage Post has reached an agreement with a fund sponsored by Almanac Realty Investors to provide as much as $500 million of capital to further the Storage Post growth strategy. The capital will allow Storage Post to accelerate its platform-investment strategy of acquiring self-storage assets in the most attractive markets in the United States.
“Our partnership with a world class investor like Almanac combines capital, strategic guidance, and industry expertise, making us the preferred buyer in the self-storage acquisition space,” said Dylan Delaune, Storage Post COO/CIO.
David Haltiner, a managing director at Almanac, said, “The Principals of Storage Post have a 30-year track record of acquiring, developing, and managing self-storage facilities. The business is vertically integrated with significant operating and technology capabilities and as such, we believe it to be well positioned to achieve meaningful scale in the storage sector. We are pleased to establis