The purchase marks the first property to be rebranded under Pinnacle’s new Storage Plus brand
June 5, 2018: Pinnacle Storage Properties, a Houston-based firm that operates 10 Texas self-storage facilities under various names, has acquired Storage House of Texas in Garland.
The facility will have more than 55,000 rentable square feet and the features include climate control and various security measures. It will serve the communities in Collin, Dallas and Rockwall Counties.
“We are excited to add Storage Plus of Garland to Pinnacle Storage’s portfolio. Storage Plus of Garland, as with all of our facilities, will offer our customers an unparalleled level of service during every phase of their storage experience,” said CEO John Manes. “We will continue to be extremely aggressive in acquiring self-storage properties and look forward to further development in the Dallas area.”
“Our newest acquisition is located in the heart of the continuously growing Dallas metroplex,” added Robby Dunn, chief investment officer. “With the opportunity to potentially expand operations at this location and to increase our footprint in the Dallas area, I am confident that Storage Plus of Garland is another great addition to our portfolio.”
Pinnacle is a privately held real estate owner and operator focused on the acquisition, development and management of self-storage assets. It investment strategy is to purchase under-leveraged properties in suburban and secondary markets. It currently has a location under development in Round Rock, Texas.