Following a $2.7 billion enterprise valuation and backing by Bill Gates’ Cascade Investment LLC and GIC, the sovereign wealth fund of Singapore, StorageMart enters the Lexington, Kentucky market.
Located at 121 James Court in Lexington, KY, the former Local Self Storage facility is the latest acquisition in a period of rapid and strategic expansion into new markets and the fortification of established strongholds. Like all StorageMart acquisitions, the property will be upgraded to deliver on the StorageMart brand promise of easy, clean, well-lit self storage products and award-winning customer service. In the coming months, upgrades will include improvements to security and a renovated office.
“We see this new addition to our portfolio as a strategic next step toward expanding our footprint according to the same patient, measured approach that has shown continued success over time.” Alex Burnam, Director of Acquisitions.
