Storage Ventures, a Vertically Integrated Real Estate Investment Management Platform, Acquires Western Mass Storage Solutions and Thirty Pines Self Storage

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Both assets comprise approximately 139,000 square feet in the attractive markets of Hatfield, MA and Concord, NH

GREENWICH, Connecticut, March 03, 2022–(BUSINESS WIRE)–Storage Ventures, a vertically integrated real estate investment management platform focused on self-storage and related industries, today announced its formation and recent acquisitions. Storage Ventures is based in Greenwich, Conn., and is led by founding partner, U.S. real estate executive Douglas Lee.

Storage Ventures was formed to acquire and manage self storage and related properties. The firm leverages its experience in real estate investing to create tailored solutions for investors and generate attractive risk-adjusted returns. Storage Ventures believes that its investment performance is enhanced by industry specialization, vertical integration and alignment of interests.

The company recently acquired two assets in attractive New England markets. Western Mass Storage Solutions is located in Hatfield, MA, in the heart of Massachusetts’ “Five Colleges” area and adjacent to I-91, which provides access to the Berkshires as well as Vermont, New Hampshire and the North. The property is comprised of a 10-building complex including both self-storage and warehouse components. The self-storage portion of the facility consists of a climate-controlled building, seven walk-in buildings, several modular storage units, and outdoor parking for cars, recreational vehicles and the boats. The property also includes warehouse and showroom buildings which are 100% occupied by a leading regional tenant.

Thirty Pines Self Storage is located in a thriving commercial corridor in Concord, NH, a short distance from Interstate I-93, which connects the Boston metro area to New Hampshire, Vermont and points north. The property is comprised of a five-building complex comprising self-storage space, car wash and commercial elements. The self-storage portion of the facility consists of four buildings with drive-through access, a building to be converted into a climate-controlled warehouse, and outdoor parking for cars, RVs and boats.

About Douglas Lee, founding partner
Douglas Lee has over 25 years of experience in real estate, finance and private equity. Prior to founding Storage Ventures, Mr. Lee was Co-Founder and Managing Director of Brightstone Capital Partners. Brightstone, a real estate investment management platform, was founded alongside Vanke, a leading global property development and services company. Prior to co-founding Brightstone, Mr. Lee served as Managing Director, Head of Capital Markets and member of the Investment Committee of Metropolitan Real Estate, a $3.2 billion investment management firm. Prior to joining Metropolitan, Mr. Lee held executive and advisory positions at UBS Investment Bank and Goldman Sachs. Mr. Lee holds a BA in Architecture from the University of California, Berkeley and an MBA from Harvard Business School.

About Storage Ventures
Based in Greenwich, Connecticut, Storage Ventures is a vertically integrated real estate investment management platform focused on self-storage and related industries. For more information, please visit www.storageventuresllc.com.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220303005172/en/

contacts

Media:

Rick Keating
(917) 767-2400
[email protected]

Bill Fallon
(973) 768-6764
[email protected]

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