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Storage facilities in Mississippi & Ohio acquired by Virtus Real Estate Capital
Virtus Real Estate Capital is an Austin, Texas-based private equity firm

July 18, 2012-
The firm has purchased a 584-unit self-storage facility in Brandon, Mississippi. It was constructed in 1976, with 10 storage buildings. Two more buildings were added in 2003 containing 145 climate-controlled units.

Virtus Real Estate Capital has also acquired Reynoldsburg Self-Storage. It is 493-unit property. The self storage is located in Reynoldsburg, Ohio. The self storage offers 67,725 square feet of rentable space, which includes 155 outdoor parking spaces for vehicle storage. The storage facility in Reynoldsburg, Ohio was constructed in 1992; 67-unit, climate-controlled building was added in 2004.

Both the storage facilities will be managed by Sovran Self-Storage, which manages several other Virtus properties.

Read complete report on: www.insideselfstorage.com