Storage Opportunity Partners LLC and Storage Pros Self Storage
Summary
Farmington Hills, MI, August 19, 2009 --( The acquisition brings StorageOp’s holdings to 13 properties totaling 780,000 rentable square feet, 6,800 units and more than 950 outdoor parking spaces for rent in its initial target markets of New England and southeastern Michigan, all acquired within the last 28 months.New ownership will update the Fairhaven facility, including the complete renovation of one of the six storage buildings to convert 6,100 rentable square feet into climate-controlled space.David Levenfeld, co-founder and CEO of StorageOp, commented, “Once again, our strong investor base and solid financing relationships have allowed us to further implement our acquisitions strategy in New England at a time when the capital markets continue to pose enormous challenges.New ownership will update the Fairhaven facility, including the complete renovation of one of the six storage buildings to convert 6,100 rentable square feet into climate-controlled space.Budget Truck Rental will also be added at Fairhaven.David Levenfeld, co-founder and CEO of StorageOp, commented, “Once again, our strong investor base and solid financing relationships have allowed us to further implement our acquisitions strategy in New England at a time when the capital markets continue to pose enormous challenges.