Apr 14 2016 | DI Wire
Strategic Storage Growth Trust Inc., a publicly registered non-traded real estate investment trust, signed an agreement to sell a self storage facility and industrial warehouse/office space in San Antonio, Texas for $16.1 million.
The San Antonio property consists of approximately 385 units and approximately 49,250 square feet of storage space. In addition, the property contains approximately 5,800 square feet of cold storage space, 8,300 square feet of office space, and 9,000 square feet of “flex” warehouse space.
As previously reported by The DI Wire, the San Antonio property was purchased by the REIT in January 2016 for $12.3 million. The facility was part of a $39 million, four-property portfolio purchase that closed in two phases.
Our firm has been using Blue Vault from the first year it was available.
We have found it to be a valuable tool to verify what wholesalers tell us and to dig deep into how the reported investments are really performing.
We appreciate that Blue Vault has expanded its services from initially covering REIT's to now also including BDC's.
Our clients also appreciate that we conduct this additional due diligence on their behalf.