VanWest Partners Acquires Five Property Portfolio in Michigan
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DENVER, April 5, 2021 /PRNewswire/ --
VanWest Partners, an opportunistic investment firm specializing in commercial real estate acquisition, management, and sales, announces the acquisition of 5 self storage facilities to its newest fund, VanWest Self Storage Fund II, LLC. Year to date, the firm has closed on a total of 7 self storage facilities representing just under $30mm in total capitalization.
VanWest Partners acquires five self storage facilities in Michigan
The 5-property Michigan portfolio was closed in mid-March and includes 2 self storage facilities in the greater Detroit market and 3 self storage facilities in the Grand Rapids market. The portfolio totals just over 265,000 net rental square feet and 1,628 units including 232 boat and RV parking spaces.