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Centerbridge Partners, L.P. (“Centerbridge”) and Reframe Holdings LLC (“Reframe”) today announced the formation of a programmatic joint venture. Including leverage, the venture will be positioned to aggregate and own over $500 million of self-storage facilities across the United States.<\/span><\/span><\/span><\/p>\n The partnership will focus on acquiring existing Class A and institutional-quality Class B facilities in top metropolitan statistical areas (MSAs) nationwide, utilizing leading third-party property managers to oversee operations. The platform combines Centerbridge’s deep experience and track record in self-storage with Reframe’s principals’ experience in acquisitions, development, and management of self-storage and other related properties.<\/span><\/span><\/span><\/p>\n Centerbridge has an extensive track record investing in the self-storage sector, having owned significant self-storage businesses and assets in both public and private markets throughout the U.S. and Europe. Since 2017, Centerbridge has acquired approximately $3 billion of self-storage real estate in the U.S. across more than 375 assets and over 22 million square feet. Additionally, Centerbridge is invested in the European self-storage sector through multiple platforms across the Nordics and Spain.<\/span><\/span><\/span><\/p>\n “Centerbridge has long recognized the resilience of the self-storage industry through economic cycles. With fundamentals stabilizing and new supply moderating, we believe the sector is well positioned for renewed growth,” said Matt Dabrowski, Co-Head of Real Estate and Senior Managing Director at Centerbridge. “We are thrilled to partner with Matt, Zack, and the entire Reframe team, leveraging their deep industry relationships and data-driven approach to capitalize on the evolving opportunity set.”<\/span><\/span><\/span><\/p>\n “Through our partnership with Reframe, we are excited about the opportunity to aggregate an institutional-quality portfolio with clear value-add drivers through unique sourcing channels,” added Ally Heyburn, Managing Director at Centerbridge.<\/span><\/span><\/span><\/p>\n “We founded Reframe with the confidence that our entrepreneurial mindset, data analytics, and proven execution would make us an ideal partner for a firm like Centerbridge. By combining Reframe’s acquisition and operating experience with Centerbridge’s capital and strategic perspective, we are confident in our ability to scale quickly,” said Matt Dicker, Co-Founder of Reframe.<\/span><\/span><\/span><\/p>\n “The storage sector remains highly fragmented. Our industry relationships and sourcing channels position us to capitalize on this inflection point as the industry recovers,” said Zack Widmann, Co-Founder of Reframe.<\/span><\/span><\/span><\/p>\n Walker & Dunlop’s Equity and Structured Finance team advised on the formation of the joint venture. Burr & Forman LLP acted as legal advisor to Reframe, and Simpson Thacher & Bartlett LLP acted as legal advisor to Centerbridge.<\/span><\/span><\/span><\/p>\n About Centerbridge Partners<\/b><\/span><\/span><\/span><\/p>\n Founded in 2005, Centerbridge Partners is a multi-strategy investment firm with offices in New York and London and platforms in private equity, credit, and real estate with approximately $43 billion under management as of June 30, 2025. Centerbridge has invested over $12 billion of capital across more than 125 real estate investments, with broad capabilities to invest in operating companies, programmatic joint ventures and special situations across the capital structure. https:\/\/www.centerbridge.com<\/b><\/u><\/a><\/span><\/span><\/span><\/p>\n About Reframe Holdings<\/b><\/span><\/span><\/span><\/p>\n Led by Matt Dicker and Zack Widmann, Reframe Holdings is a Charleston, SC and Boca Raton, FL based real estate investment and management firm founded in 2024. Collectively, the principals of Reframe have transacted on over $1.8 billion of self-storage and industrial properties across 40 facilities totaling 5.1 million square feet. https:\/\/reframeholdings.com<\/b><\/u><\/a><\/span><\/span><\/span><\/p>\n Media Contacts<\/u><\/i>:<\/span><\/span><\/span><\/p>\n For Centerbridge For Reframe
\n<\/i><\/span><\/span><\/span>Jeremy Fielding<\/b> \/ Anntal Silver<\/b> \/ Daniel Hoadley
\n<\/b><\/span><\/span><\/span>Kekst CNC
\n<\/span><\/span><\/span>CenterbridgePartners@kekstcnc.com<\/b><\/u><\/a><\/span><\/span><\/span><\/p>\n
\n<\/i><\/span><\/span><\/span>Matt Dicker
\n<\/b><\/span><\/span><\/span>matt@reframeholdings.com<\/b><\/u><\/a><\/span><\/span><\/span><\/p>\n