We want to be a conduit to help Store Space reach its goal of 500 facilities nationwide,” – Matthew Horne, Co-Founder and CEO of Storage Point.
As Store Space continues to expand, this partnership will help maintain and create a robust acquisition pipeline,” – Rob Consalvo, Co-Founder and President of Store Space
Store Space Self Storage, which operates more than 100 facilities, has entered a joint venture agreement with real estate investment firm Storage Point Capital to pursue acquisitions. The partnership includes the deployment of a Storage Point feeder-fund investment vehicle, according to a press release.
“As Store Space continues to expand, this partnership will help maintain and create a robust acquisition pipeline,” said Rob Consalvo, Co-Founder and President of Store Space. “Storage Point Capital brings an expertise in finding off-market opportunities, and based on the history of success their founders have had in other ventures, we are confident this new venture will be very successful.”
“We want to be a conduit to help Store Space reach its goal of 500 facilities nationwide,” said Matthew Horne, Co-Founder and CEO of Storage Point.
The companies believe current economic conditions will create advantageous investment opportunities in the self storage sector. “When you have an economic climate like this, it creates opportunity, and we think it’s only going to multiply over the next six months to a year,” said Tom Bury, co-founder and managing partner for Storage Point. “Buyers should be able to find a lot of opportunities within this environment.”
Launched in December and based in Sarasota, Florida, Storage Point specializes in the acquisition, development and management of self storage properties nationwide. It provides opportunities for investors looking for a passive approach to ownership and investment.
Based in Winter Garden, Florida, the Store Space family of companies owns, operates and third-party manages properties in 22 states.
