Acadia Realty Trust recently paid $175 million for a portfolio of 11 self-storage properties located in New York and New Jersey.
Sold by American Storage Properties North LLC, the 933,000-square-foot portfolio includes six newly constructed buildings that were in the lease-up phase; one facility still under construction; and four converted warehouses.
The core-plus portfolio was 72 percent leased at the time of sale, according to a press statement.
***
What’s your opinion? Leave your comments below or send a
letter to the editor.
You have {{data.cm.viewsLeft}} articles left this month.
This content is available to Inman Select subscribers.
Please select an option below.
Please register to access this content.
To continue viewing the content you love, please sign in or create a new account
You have used all of your free pageviews.
Please subscribe to access more content.
Access denied!