Public Storage Completes Phase I of $528-million Acquisition | San Fernando Valley Business Journal
In total, this portfolio is comprised of 36 properties totaling 3.6 million net rentable square feet. The first phase of the purchase includes 24 existing properties (2.3 million net rentable square feet) that has been built since 2016, with an average occupancy of approximately 35 percent, according to a Public Storage statement. The second phase includes the transfer of 12 properties (1.3 million net rentable square feet), now in various stages of development, to Public Storage next year as the sites reach completion. “We are pleased to welcome the Beyond Self Storage customers to Publ...
Source: sfvbj.com