Find Local Storage

 
Extra Space Storage Acquired Four New Mexico Facilities from Titan Development
Extra Space owns or operates 1,973 self-storage properties in 40 states

September 6, 2021: Extra Space Storage Inc. acquired four New Mexico facilities from Titan Development that were already under its management. Two of the facilities are located in Santa Fe, with one each in Albuquerque and Rio Rancho. Together, they comprise about 380,000 square feet. 

The facility located at 1911 Ladera Drive N.W. in Albuquerque comprises 103,000 square feet, while the two-building location at Corrales Road and Highway 528 in Rio Rancho encompasses 88,000 square feet. In Santa Fe, the property at 2977 Rodeo Park Drive E. is 101,000 square feet, while the facility at 1410 Vegas Verdes Drive is 88,000 square feet. These self-storage assets were the last four in the Titan Real Estate Development Fund I portfolio, which was established in 2017 by Titan Development, a real estate development and private-equity firm. 

Extra Space Storage headquartered in Salt Lake City, owns, or operates 1,973 self-storage properties in 40 states and Washington, D.C. The company’s properties comprise approximately 1.4 million units and 152.6 million square feet of rentable space.


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