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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.
VanWest Partners Acquires Five Property Portfolio in Michigan prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
VanWest Partners Launches Second Self Storage Fund
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DENVER, Jan. 14, 2021 /PRNewswire/ VanWest Partners, an opportunistic investment firm specializing in self storage acquisitions, investment, and management announces the formation of VanWest Self Storage Fund II, LLC. The Fund will focus on acquiring existing self storage facilities in a variety of target markets, and add value with capital improvements and management efficiencies to create consistent, repeatable income streams for the Fund and the Fund s investors.
Rome Hilliard, self storage center located in Columbus, OH
Fund II follows VanWest Storage Fund I, which closed in August of 2020 with approximately $30 million in self storage assets acquired in Florida, North Carolina, Tennessee, and Illinois.