AUSTIN, Texas--(BUSINESS WIRE)--World Class Capital Group has acquired two self-storage portfolios this week in New York and Illinois.
World Class Capital Group acquired the two-property Ace Storage portfolio in upstate New York from Prime Equities. The portfolio includes one facility in Hyde Park and one in Newburgh. World Class plans to expand the facilities to add additional units. The properties will be rebranded and managed by Great Value Storage, the firm’s wholly-owned storage management platform.
“We are pleased to have entered the New York market in our national self-storage expansion,” said Sheena Paul, chief operating officer at World Class Capital Group. “This strategic acquisition is the first of the firm’s large expansion effort throughout the state of New York.”
In a separate transaction, World Class Capital Group acquired the AAA Storage portfolio which consists of two properties in Urbana and Champaign, Illinois. The properties will be rebranded and managed by Great Value Storage.
“We will continue to acquire portfolios and single self-storage assets throughout the country. Additionally, we are expanding through ground-up development in select markets as well,” said Paul.
Great Value Storage was recently cited by industry leader Sparefoot as “One to Watch in 2015.” Great Value Storage is gaining national acclaim as one of the fastest growing self-storage companies in America. Great Value Storage’s portfolio now totals 50 facilities nationwide, with more than 25,000 self-storage units and more than 3.4 million square feet of storage space.
About Great Value Storage
Great Value Storage is a privately-owned self-storage operator that operates self-storage facilities throughout the United States. The company currently operates 50 self-storage facilities containing over 25,000 units and over 3.4 million square feet of storage space. Great Value Storage operates facilities in Texas, Ohio, Tennessee, Nevada, Missouri, New York, Illinois and Indiana. For more information, please visit www.greatvaluestorage.com.
About World Class Capital Group, LLC
World Class Capital Group is a leading national real estate investment firm focused on acquiring, developing, and managing high-quality real estate. World Class Capital Group targets opportunistic real estate investments across a broad range of asset types through single-asset and portfolio acquisitions. WCCG's primary focus is the acquisition of complex or undervalued real estate assets in which there are opportunities to create value through repositioning, redevelopment or leveraging our exceptional asset and property management platforms to uncover underlying operational inefficiencies. The firm’s portfolio includes investments in office, retail, industrial, multifamily, self-storage and land.
World Class Capital Group is headquartered in Austin, Texas and also has an office in New York City. For more information, please visit www.wccapitalgroup.com.