High Point Storage is its second purchase in the Houston suburb in recent months
June 17, 2015: Public Storage, a leading self-storage Real Estate Investment Trust in the United State, has recently acquired High Point Storage in League City, TX.
Public storage facility at 1250 W. League City Parkway is on 9 acres and it has 716 climate-controlled storage units as well as covered parking spaces.
According to a company press release, purchase of High Point storage is a part of the Real Estate Investment Trust’s drive to expand its portfolio through acquisition rather than new development.
The press release stated that, the practice is in line with its sustainability initiatives. By reusing existing structures, the storage operator is able to reduce its carbon footprint with fewer contractor trips in the area.
In the month of April 2015, Public Storage acquired the newly built Access Self Storage facility at 3155 W. Walker St. The property contains 84,550 rentable square feet of storage space in 762 climate-controlled units.
Public Storage Company has interests in over 2,250 self-storage
facilities in 38 states, with roughly 146 million net rentable square feet.
The company also has 193 facilities in seven European countries, with approximately 10 million net rentable square feet.
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