DALLAS--(BUSINESS WIRE)--Baranof Holdings, a Dallas based national self storage developer and investor, has recently acquired a self storage development parcel located at 324 Nepperhan Ave in Yonkers, New York, and will break ground in the first quarter of 2019 on a seven floor multi-story institutional quality self storage facility. The development, which received Site Plan Approval on January 9, 2019, will contain 93,100 rentable square feet in a total of 1,174 climate-controlled units. The facility in Yonkers will join Baranof’s other 3 self storage facilities currently under construction located in Inglewood, CA; Orange County, CA; and Seattle, WA. Equity for the four properties currently under construction has been provided by a private equity fund advised by Crow Holdings Capital - Real Estate (CHC-RE).
Baranof Holdings has also recently purchased a development site in Hayward, CA (East Bay San Francisco) and entered into a ground lease on another development site in Honolulu, HI. Both projects are currently in the advanced planning and entitlement phase, with ground breaking expected in the second quarter of 2019. In addition, Baranof Holdings is working to complete planning and entitlement on three additional projects, two additional locations in the Bay Area, CA, and a location in Miami, FL.
For more information on Baranof Holdings including additional information on current and future development projects, visit www.BaranofHoldings.com.
Crow Holdings Capital - Real Estate (CHC-RE) is a real estate private equity investment manager with a 20-year track record. Led by a highly experienced team, CHC-RE’s series of eight flagship value-add funds has raised approximately $8 billion and is invested across property types in the United States’ top 25 markets. In addition, CHC-RE brings its value-add investment approach to specialized fund strategies including small retail and self-storage. CHC-RE is part of Crow Holdings, a nationally focused real estate investor, developer and owner with a global multi-asset investment platform. Headquartered at its historic Old Parkland campus in Dallas, the firm has 70 years of continuous operating history and longstanding industry relationships built on trust, integrity and partnership. For more information, please visit www.CrowHoldings.com.