Harrison Street Real Estate Capital LLC purchased 19 self-storage facilities totaling more than 1.4 million square feet for $100 million. The properties, managed by Orlando-based Simply Self Storage, were acquired from a private lending institution. The sites are in Florida, Illinois, Ohio, Nevada, New York and Rhode Island.
The properties were purchased using Harrison Street Real Estate Partners II LP, a fund that has a gross buying power of about $2 billion.
With the acquisition, the fund will have purchased or commenced development on more than $700 million of real estate in 2008, consisting of more than 60 properties. Harrison’s self-storage portfolio now consists of more than 41,200 units in 65 properties across 17 states, valued at more than $600 million. For more information, visit www.harrisonst.com.
