Jan 15, 2021
Westport Properties Inc. (WPI), which operates more than 130 self-storage facilities under the US Storage Centers brand, has merged with Vertex Investments, a privately held real estate investment company specializing in multi-family properties and mobile-home parks nationwide. The merger will enable Westport to expand into the residential sector, with Vertex co-founders David Grissom and Scott McCormick serving as managing partners of Westport Residential, the company’s new vertical platform, according to a press release.
“David and I have had a close working relationship for over a decade, when I realized his values and culture aligned with Westport’s,” said Drew Hoeven, chairman and chief investment officer of Westport Properties. “This merger was the perfect opportunity and partner for us to launch a residential platform that we have envisioned for some time. We now have the resources and expertise to acquire multi-family properties and manage them inhous
SSG Development Completes Construction of Self Storage Facility in Needham, Massachusetts
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US Storage Centers in Needham, MA BOSTON (PRWEB) January 29, 2021 SSG Development, a fully integrated real estate investment, development, and construction company focused on self-storage in high barrier markets, announced that it has completed construction of a 986 unit, 123,000-square-foot property located at 540 Hillside Avenue in Needham, Massachusetts. The facility will be acquired and managed by Westport Properties, Inc., a premier owner/operator of self storage facilities nationally which manages over 10 million rentable square feet under the US Storage Centers brand.
“SSG appreciated working with the Needham neighbors, Planning and Building departments in developing and building this transformative redevelopment during challenging times,” said Dave Fulton, SSG Development CEO. “The Westport team