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Real Estate Firm Makes Big Self Storage Acquisition Demonstrating Strength of Market

by John Stevens December 30, 2010 8:36 AM
Overall, during the past few years the self storage market has proven to be recession-resilient and this has led to many acquisitions for investment. There is a bubble of safety around the storage business because of a constant growing demand. Just this week in a major purchase, Virtus, an Austin, Texas, based real estate private equity firm has purchased 20 self storage facilities throughout the southeastern U.S., totaling 1,000,000 sq. ft. of space at a cost of $50 million. [More]
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