Affiliate companies have acquired the self-storage facilities for $4.9 million
December 31, 2014- Kirby Raines Self Storage, facility located at 6504 E. Raines Road was sold by TSRE III Kirby Raines LLC for $2.5 million to SSSP Kirby Raines LLC. The storage facility is spread across 50,910-square-foot area. It was constructed in 1995 according to sources.
Another facility, Collierville Mini Storage which is located at 314 S. Mt. Pleasant Road in Collierville, Tenn., was sold by VSI III Collierville Self Storage LLC to SSSP Collierville LLC for $2.4 million. The mini storage is spread across 53,110 square feet area according to sources.
Oaktree Capital is a global investment firm which concentrates on alternative markets.