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SpareBox Storage Acquired 13 Self-Storage Properties in South Carolina and Texas
SpareBox operates 37 facilities across Florida, New Hampshire, South Carolina and Texas

June 1, 2021:  SpareBox Storage acquired 13 self-storage properties in South Carolina and Texas from multiple sellers. Together, the facilities comprise about 330,000 net rentable square feet in 2,500 units. 

SpareBox launched in last year, operates 37 facilities across Florida, New Hampshire, South Carolina and Texas. Its portfolio comprises about 1.6 million net rentable square feet. 

The company is sponsored by Rizk Ventures LLC, an investment platform specializing in healthcare, real estate and technology. The company intends to create a national operating brand by amassing $1 billion in assets.

Source:  https://www.insideselfstorage.com/investing-and-real-estate/self-storage-real-estate-acquisitions-and-sales-may-2021