Properties in three states comprise 1.1 million net rentable square feet
September 26, 2018: Etude Capital Storage Holdings (ECSH) is an affiliate of Austin-based Etude Capital LLC has acquired a 22-property self-storage portfolio in Florida, Oklahoma and Texas. The self-storage facilities operate in nine metro areas including Orlando and Tampa, Fla.; Oklahoma City and Tulsa, Okla.; and Austin, Houston and San Antonio, Texas.
According to the source, all the properties will be rebranded and managed by a self-storage real estate investment trust and third-party management firm, CubeSmart.
ECSH is planning to expand the properties by 500,000 square feet within the next 18 months. The company is an affiliate of Austin-based Etude Capital LLC, a private investment holding company founded in 2012.
“The ability to achieve scale in a single transaction was key to this acquisition,” said Steven Stein, president.