The Denver-based real estate investment firm VanWest Partners announced its acquisition of three self-storage assets in Arkansas, Georgia, and Nevada.
The acquired properties are based in Springdale, Arkansas, with 539 units and 72,645 net rentable square feet (NRSF); in the Atlanta suburb of Dacula, Georgia, with 425 units, 58,750 NRSF and 27,720 NRSF of parking spaces; and in Las Vegas with 314 units and 36,400 NRSF.
The financial terms of the acquisition were not disclosed. All three facilities will be operated by ClearHome Self Storage, VanWest’s vertically integrated management platform.
“With strong demographics and self-storage consumer demand, each of these respective submarkets tell great stories for long term performance,” said Jacob Vanderslice, co-founder and principal at VanWest Partners. “And with market strength as a foundation, we’re excited to see how these new facilities can perform with the benefit of a more effective operational platform.”
Photo: The acquired property in Springdale, Arkansas
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