Dec
03

New JV to Build 120 KSF CA Self-Storage Facility

By
A joint venture of Miami City Self Storage and Cypress Equity Investments will develop its first facility in Inglewood, Calif. Self-storage lending REIT Jernigan Capital has invested $28.7 million in the project.

Miami City Self Storage and Cypress Equity Investments have formed Pacific Storage Partners, a joint venture targeting urban infill development opportunities in Los Angeles and Northern California. The new entity’s first development, a 120,000-square-foot self-storage facility, will be located in Inglewood, Calif. Self-storage lending REIT Jernigan Capital has invested $28.7 million in the project.

Pacific Storage Partners has closed $61.7 million in self-storage development transactions in the first part of the year, and it continues to invest in facilities across the country…

New JV to Build 120 KSF CA Self-Storage Facility

Share
Categories : Private Equity

Leave a Reply

You must be logged in to post a comment.