Real estate investment trust (REIT) Global Self Storage Inc. has entered the Ohio market with the recent acquisition of a single-story facility in Lima, Ohio. The asset comprises 85,768 net rentable square feet in 739 units, according to a press release. Lima is between Dayton and Toledo, Ohio.
"We are confident the Global Self Storage store in Lima will be an immediately accretive addition to our portfolio, which now consists of eight self-storage stores," said Mark C. Winmill, president and CEO. "Through our professional management practices, we can capitalize on the full potential of this store, which is the dominant self-storage facility in Lima."
Global continues to examine acquisition opportunities in target markets that have potential to expand profit while presenting the “highest barriers to entry to our competition,” Winmill said.
Founded in 1983, Global Self Storage is a self-administered and -managed REIT focused on the acquisition, development and ownership of self-storage facilities in the United States. The company owns eight storage properties through its wholly owned subsidiaries in Illinois, Indiana, New York, Ohio, Pennsylvania and South Carolina. It changed its name from Self Storage Group Inc. in January.
