February 9, 2016 | Inside Self-Storage
CPA:18 – Global, a publicly held, non-traded real estate investment trust (REIT) managed by global net-lease REIT W. P. Carey Inc., achieved record transaction volume in 2015 of more than $300 million in acquisitions for its self-storage portfolio. Nearly half the volume was recorded in the last six months of the year, according to a company press release.
The company closed 14 transactions during the second half of 2015. Those deals involved 21 self-storage properties ranging between $3 million and $40 million. “Through 14 transactions, we succeeded in acquiring 20 well-positioned operating facilities and a to-be-completed facility in Canada,” said Liz Raun Schlesinger, managing director of W. P. Carey, who is head of the self-storage team. “Sourcing and executing multiple transactions, our nimble and focused team continues to demonstrate its ability to recognize attractive investment opportunities and efficiently manage the structuring, due diligence and documentation processes.”
The time (at Blue Vault's 2nd Annual Broker Dealer Educational Summit) proved extremely informative.