/PRNewswire/ Arcland Property Company, a dominant self-storage owner in the region is pleased to announce the acquisition of two facilities in Virginia and.
/PRNewswire/ Arcland Property Company, a dominant self-storage owner in the region is pleased to announce the acquisition of two facilities in Virginia and.
Jan 30, 2021
ezStorage Corp., which operates 48 self-storage facilities in Maryland, Virginia and Washington, D.C., is reportedly marketing its book of assets to a limited pool of public and private buyers. A deal for the mostly stabilized portfolio, which is approximately 92 percent occupied with an average facility age of 12 years, could top $2 billion, a source affiliated with a potential buyer told the “SpareFoot Storage Beat,” an industry blog.
ezStorage ranked No. 24 on the
Inside Self-Storage 2020 Top-Operators List of facility owners, with its portfolio comprising 5.1 million net rentable square feet in 52,000 units. When the company reported its figures last summer, it indicated plans to add up to 600,000 net rentable square feet through expansion of existing facilities.