Orange, CA, USA, 10/20/2017 /SubmitPressRelease123/
Store Here, LLC, a joint venture between certain affiliates of Westport Capital Partners LLC (“Westport”) and Store Here Management LLC, has sold 27 assets in Colorado, Georgia, Louisiana, Indiana, Kansas and Texas.
“In less than three years, we were able to execute a bold plan. We believed we could assemble a well-positioned portfolio of properties with high value upside; I am also so proud of all the hard work our team has put into creating our world-class owner/operator platform. Working alongside Westport Capital Partners, we applied our seasoned storage experience and have proven to be a viable force in the industry.” said James J. Hanrahan, Acquisitions Director of RHW Capital Management Group, LLC.
“Because of the nature of the fragmented market, we felt taking the programmatic approach to acquiring a portfolio was the best route for our platform. Partnering with Store Here Management for our entry into the self storage industry proved to be a great partnership and one we look forward to continuing,” said Sean Armstrong, Principal at Westport.
“The sale is the culmination of hard work and belief in a vision that the market would have a strong appetite for our portfolio,” said Russel Bernard, Managing Principal of Westport. Starting in March 2014 with an acquisition in San Antonio Texas and finishing in March 2017 with a transaction in Shreveport Louisiana, the venture created a group of quality assets with over 1.6 million rentable square feet and over 12,000 storage units.
About Store Here Management LLC
Store Here Management LLC, a division of RHW Capital Management Group LLC, is a property management company with an acquisition and analysis division focusing on the self-storage industry. RHW was founded in 2012 by industry veterans with over 70 years of combined experience providing a stable source of funding and management. Store Here Management owns and manages 19 properties in seven states. RHW plans to expand the Store Here brand with an aggressive strategy that includes acquiring additional assets and securing new management contracts. For more information call James J. Hanrahan (657)224.9444 or visit http://www.storehere.com
About Westport Capital Partners LLC
Westport Capital Partners LLC is a real estate investment firm specializing in the opportunistic real estate arena. Westport provides domestic and international investment opportunities to institutional and private clients. Through its various funds, the firm invests in a wide variety of distressed, opportunistic and core plus real estate assets. The firm has offices in Wilton, Connecticut, Los Angeles, California and London, England. For more information regarding Westport Capital Partners LLC, visit www.westportcp.com.
Social Media Tags:self-storage, self storage, real estate, sale transaction, Store Here, Texas, Georgia, Indiana, Kansas, Colorado, Louisiana, James Hanrahan, Ryan Rogers, Chris Weber
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