HFF Announces Sale of 27-Property Self Storage Portfolio

Store Here 27-Property Portfolio

DENVER – Holliday Fenoglio Fowler, L.P. (HFF), a leading provider of commercial real estate and capital markets services to the global commercial real estate industry, announced the sale of a 27-property self storage portfolio totaling 1.7 million square feet and 12,171 units in Colorado, Georgia, Indiana, Kansas, Louisiana and Texas.

The HFF team marketed the property on behalf of the seller, a joint venture partnership between certain funds managed by Westport Capital Partners LLC and Store Here Management, LLC.

The portfolio, which currently operates under the Store Here brand, is 80.6-percent-occupied and features fully integrated amenities, including gate access, security cameras, climate-controlled and/or drive-up units, onsite management and R/V and surface parking.  The properties are in eight MSAs, including Colorado Springs, Colorado; Atlanta, Georgia; Indianapolis, Indiana; Kansas City, Kansas; Shreveport, Louisiana; and Austin, Dallas and San Antonio, Texas

The HFF self storage team representing the seller included Senior Directors Barbara Guffey and Tom Doyle.  Additional local market expertise was provided by Senior Managing Directors John Merrill and Jason Nettles and Managing Directors Sean Fogarty and Jules Sherwood.

“Barbara and her team did a fantastic job managing a complicated process,” said Russ Bernard, managing principal of Westport Capital Partners LLC.

“The quality of the assets, embedded upside, and most of all the economy of scale is what attracted numerous investors to the portfolio,” Guffey said.  “The ability to acquire 1.7 million square feet in one transaction aligns with the buyer’s strategic growth plan, and provides an opportunity to implement and capitalize upon their operational platform.”




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