Glacier Global Partners and Next Century Self Storage Announce Strategic Joint Venture Partnership

Glacier Global Partners and Next Century Self Storage today announced the formation of a strategic joint-venture partnership focused on the programmatic acquisition, management, and long-term value creation of self-storage properties. The partnership aligns Glacier Global Partners’ institutional investment platform, capital markets expertise, and structuring capabilities with Next Century Self Storage’s sourcing, operating, technology-enabled operating efficiencies, and hands-on asset management strengths. Together, the firms intend to pursue a scalable and disciplined self-storage acquisition strategy across select US markets. “This partnership reflects Glacier’s strategy of expanding its investment platforms by backing best-in-class…

Madison Realty Capital Provides $73M Acquisition Financing for Self-Storage Portfolio Across the U.S

Wentworth Property has secured $73.3 million to acquire a portfolio of 13 self-storage assets that include more than 7,100 units and almost 840,000 square feet spread across the U.S., Commercial Observer has learned. Madison Realty Capital provided the acquisition financing, while CBRE’s Tom Rugg, Tom Traynor and Arman Samouk arranged the transaction, sources said. The self-storage properties within the 13-asset portfolio are all stabilized, according to a source close to the deal. The locations of the 13 properties were not disclosed. Wentworth Property was founded in 2005 and is based…

Featured Broker: Ken Miller

Ken is the principle broker and owner of Northstate Commercial Partners. Having been in the business for over 30 years and developed friendships and professional associations across the state and the country, Ken prides himself less on what he knows and more on who he knows. With affiliations in the Society of Industrial and Office Realtors (SIOR) and the International Council of Shopping Centers (ICSC), Ken has built a network of trusted colleagues across all geographic regions and product types that continue to feed real estate and development leads his…