Dec
03
New JV to Build 120 KSF CA Self-Storage Facility
ByA joint venture of Miami City Self Storage and Cypress Equity Investments will develop its first facility in Inglewood, Calif. Self-storage lending REIT Jernigan Capital has invested $28.7 million in the project.
Miami City Self Storage and Cypress Equity Investments have formed Pacific Storage Partners, a joint venture targeting urban infill development opportunities in Los Angeles and Northern California. The new entity’s first development, a 120,000-square-foot self-storage facility, will be located in Inglewood, Calif. Self-storage lending REIT Jernigan Capital has invested $28.7 million in the project.
Pacific Storage Partners has closed $61.7 million in self-storage development transactions in the first part of the year, and it continues to invest in facilities across the country…
