Westport Properties Acquires Self Storage Facility in Clermont, Florida
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US Storage Centers in Clermont, FL CLERMONT, Fla. (PRWEB) May 12, 2021 Westport Properties, a premier owner/operator of self storage facilities nationally, has acquired a new, state-of-the-art self-storage facility with ground-floor access located at 3050 US Highway 27 in Clermont, Florida. With over 10 million rentable square feet of self storage facilities, the company will rebrand this facility under its US Storage Centers brand.
“Florida has been a great market for us and we’re excited to add this property to our portfolio,” said Charles Byerly, CEO of Westport Properties. “We’re continually adding high quality assets in major MSAs across the country and we expect to complete several deals this year.”
Portland self-storage facility goes for $22 million - Portland Business Journal
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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
North Carolina Storage Assets Receive $29M Refi
The non-recourse bridge loan provided by Skymar Capital Corp. has a fixed interest rate and is set to mature in 2025. Jan222021
1113 S. 17th St.
Madison Capital Group has received a refinancing package totaling $29.1 million for a four-property self storage portfolio encompassing 255,064 square feet across 2,355 units in Arden, Asheville, Charlotte and Wilmington, N.C.
Skymar Capital Corp. provided the debt and subsequently assigned the non-recourse mortgage to Oxford Life Insurance Co., according to public records. The bridge financing carries a fixed interest rate over a five-year term and has no lease-up covenants.
The loan encumbers the following properties:
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