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Blue Vista Capital Management, LLC (\u201cBlue Vista\u201d), in collaboration with UBS\u2019s Unified Global Alternatives \u2013 Real Estate (UGA RE) business and Extra Space Storage (\u201cEXR\u201d), today announced the formation of a strategic collaboration to invest in self-storage assets in the U.S., which will have approximately $600 million in buying power to build a diversified self-storage portfolio.<\/span><\/span><\/span><\/p>\n The strategy is to identify core\/core-plus, value-add, and development opportunities across the U.S., with the goal of creating a portfolio of self-storage assets designed for a perpetual life investment vehicle. EXR will manage all investments made by the collaboration and bring to the collaboration its industry-leading property management services, technology, and resources as the largest operator of self-storage in the U.S.<\/span><\/span><\/span><\/p>\n Blue Vista has a 15-year track record of investing in self-storage acquisitions and developments in the U.S., with deep market knowledge, execution, and sourcing capabilities. Blue Vista has invested in 65 self-storage investments to date alongside sector-focused operators, including EXR.<\/span><\/span><\/span><\/p>\n \u201cThis collaboration represents the convergence of Blue Vista\u2019s strong relationships alongside long-term operating partners and an existing investor, with our focus and conviction to the self-storage sector,\u201d said Peter Stelian, CEO of Blue Vista Capital Management. \u201cWe are excited to be combining our expertise and resources with these trusted partners to pursue the venture\u2019s goal of becoming the largest private owner of self-storage assets in the U.S. Self-storage has been one of our best asset classes in terms of performance and, with the combination of UGA RE\u2019s global real estate expertise and EXR\u2019s demonstrated \u201cbest in class\u201d management capabilities, we believe we are positioned for excellence in performance for our clients and partners.\u201d<\/span><\/span><\/span><\/p>\n \u201cWe look forward to joining forces with Blue Vista and UBS\u2019s UGA Real Estate business in this strategic venture. By combining our self-storage expertise with this innovative investment approach, we\u2019re positioned to unlock new opportunities and deliver value to our stakeholders,\u201d said Joe Margolis, CEO of Extra Space. \u201cAt Extra Space, we pride ourselves on our operational excellence, and we are excited to bring that excellence to this collaboration. Together, we are uniquely positioned to capitalize on the opportunities in the self-storage market, as self-storage has consistently proven to be one of the most resilient and high-performing asset classes in real estate.\u201d<\/span><\/span><\/span><\/p>\n \u201cThis initiative reflects our commitment to innovative real estate strategies and long-term value creation,\u201d said Colin Armstrong, Portfolio Manager, UBS\u2019s UGA Real Estate business. \u201cBy aligning and combining our real estate experience with Blue Vista and Extra Space Storage, we\u2019re leveraging complementary strengths to build a resilient, high-performing self-storage platform that meets the evolving needs of institutional investors.\u201d<\/span><\/span><\/span><\/p>\n ABOUT BLUE VISTA<\/b><\/span><\/span><\/span><\/p>\n Blue Vista is a Chicago-based investment management firm focused on helping investors maximize returns through best-in-class real estate equity and credit strategies across the risk return spectrum. Blue Vista offers investors the benefits of a vertically integrated platform, complementary strategies managed by experienced teams, and deep expertise as an owner, operator and lender across all property types and various markets in the U.S. and Canada. Since its inception in 2002, the firm has invested over $14.6 billion in total capitalization, with the goal of challenging the status quo, setting high standards and bringing a relationship based, client-focused approach to real estate investing. For more information, please visit https:\/\/bluevistallc.com\/<\/a><\/span>.<\/span><\/span><\/span><\/p>\n ABOUT EXTRA SPACE<\/b><\/span><\/span><\/span><\/p>\n Extra Space Storage Inc., headquartered in Salt Lake City, is a fully integrated, self administered and self-managed real estate investment trust, and a member of the S&P 500. As of June 30, 2025, the Company owned and\/or operated 4,179 self-storage properties, which comprise approximately 2.9 million units and approximately 321.5 million square feet of rentable storage space operating under the Extra Space brand. The Company offers customers a wide selection of conveniently located and secure storage units across the country, including boat storage, RV storage and business storage. It is the largest operator of self-storage properties in the United States. For more information, please visit www.extraspace.com<\/a><\/span>.<\/span><\/span><\/span><\/p>\n