World Class Capital Group, LLC, an Austin-based private investment and asset management firm, said Thursday that it has acquired a 12-property self-storage portfolio from Sovran Self Storage (SSS), a real estate investment trust.
This portfolio includes over 8,000 units accounting for almost 1,000,000 square feet.
The company noted that this acquisition of assets represents one of the largest self-storage portfolios sold in the United States in 2012.
Nate Paul, President and CEO of World Class Capital Group, said, "We are excited to add this portfolio of well-located properties to our growing self-storage division. This acquisition fits our investment strategy of acquiring value-add self-storage assets to operate under our Great Value Storage brand, which continues to grow its national presence."
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