Macquarie Asset Management (MAM) has launched Summerland Storage Partners, a self-storage platform with a strategy aimed at crafting a geographically diverse portfolio of self-storage assets, positioned strategically within key United States markets. The platform will be owned by a MAM-managed fund, alongside the management team.

Summerland Storage Partners’ launch includes an investment from one of Canada’s largest pension investors in one of its ventures.

James Fogarty, head of U.S. real estate for MAM, says, “We view the self-storage industry as a robust, recession-resistant sector with growth potential, driven by rising consumer demand and the trend toward smaller living spaces, which continues to outpace current supply. The sector is still highly fragmented, and by setting up this well-capitalized platform, we can efficiently establish a meaningful foothold in the space.”

“We intend to build a strong presence in the self-storage industry through s