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Morningstar Properties has bought first two properties into its proprietary investment vehicle, Blue Doors Storage Fund II
The new facilities are located in San Antonio and Birmingham

February 9, 2015- The acquisitions will add 135,000 square feet and 1,200 units to the company’s portfolio which currently spans eight states. Currently acquired facilities are in San Antonio, TX, and Birmingham, AL. 

Morningstar Mini-Storage of Mountain Brook is located at 1533 Montclair Rd, Birmingham, Alabama, 35210. The facility is 2011 Mini-Storage Messenger facility of the year winner and is very closely located to Trinity Medical Center. It has climate controlled units, enclosed RV units, offers work pods and an executive conference room.

Morningstar Mini-Storage of Babcock Road is located at 6366 Babcock Rd, San Antonio, Texas, 78240. The facility is proximal to both the USAA corporate campus and University of Texas San Antonio (UTSA) in addition to multiple in process and existing multi-family developments. It provides climate controlled and standard units in sizes ideally suited to the single family, student or apartment customer.

The company has acquired the properties via its self-managed, institutional investment vehicle, Blue Doors Storage Fund II, the follow on vehicle to Blue Doors Storage Fund I. It plans to buy and develop 35 properties over the next few years with Blue Doors Storage Fund II.

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