Store Here Self Storage Completes $48 Million in Acquisitions

Store HereStore Here LLC, a joint venture between Store Here Management LLC and certain affiliates of Westport Capital Partners LLC has completed the purchase of $48 million in self-storage assets. These acquisitions encompass more than 855,000 of rentable square feet and over 6,100 units located in three states – Georgia, Kansas and Texas.

The Store Here team attributes rapid growth to their “Right Now” values:

  • Act quickly with confidence, ability and financial resources
  • Be armed with current self-storage industry knowledge
  • Understand the quirks of each niche market
  • Quickly assess how to improve overall property value
  • Recognize the importance of the individual through all negotiations

“Working to close this many assets with multiple sellers can be tricky, but the tenacity of our team and financial partners brought peace of mind amidst a multitude of complications that ended with successful closings.” said James J. Hanrahan, Acquisitions Director of Store Here Self Storage.

Store Here Management LLC is a property management company with an acquisition and analysis division focusing on the self-storage industry. RHW Capital Management Group, the operating partner of Store Here Management LLC, was founded in 2012 by industry veterans, with over 70 years of combined experience, to provide a stable source of funding and management. Store Here currently has 20 self-storage facilities in their portfolio with over 1.4 million rentable square feet under management. RHW plans to expand the Store Here brand with an aggressive strategy, which includes acquiring additional assets and securing new management contracts. For more information call James J. Hanrahan (949)427.8311 or visit www.storehere.com.

About Westport Capital Partners LLC

Westport Capital Partners LLC is a real estate investment firm specializing in the opportunistic real estate arena.  Westport provides domestic and international investment opportunities to institutional and private clients. Through its various funds, the firm invests in a wide variety of distressed and opportunistic real estate assets. The firm has offices in Wilton, CT, Los Angeles, CA and London, England. For more information regarding Westport Capital Partners LLC, please visit http://www.westportcp.com/.

 

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