Austin-based real estate investment firm, World Class Capital Group, LLC (http://www.wccapitalgroup.com/), announced today that it has acquired an eight property self-storage portfolio from a publicly-traded self-storage REIT. The portfolio includes over 3,400 self-storage units accounting for almost 450,000 square feet.
The purchase of the eight facilities, which are primarily located in the Dayton and Cincinnati, Ohio markets, represents the second portfolio acquisition for World Class Capital Group in 2012. This August, WCCG acquired another self-storage portfolio from Sovran Self Storage (NYSE: SSS) consisting of 12 properties and almost 1,000,000 square feet.
“We are excited about our expansion into these key Ohio markets,” said Nate Paul, President and CEO of World Class Capital Group. “This acquisition fits our investment strategy of acquiring value-add self-storage assets to operate under our Great Value Storage brand. We look forward to continuing to grow our national presence in the asset class.”
The investment firm will rebrand the properties under its Great Value Storage flagship brand (http://www.greatvaluestorage.com/), a wholly-owned and operated subsidiary of WCCG.
About World Class Capital Group, LLC
World Class Capital Group, LLC is a leading private investment firm based in Austin, TX. The firm pursues opportunities in all U.S. markets and has a distinct focus on alternative investments, primarily real estate and private equity. Within its real estate platform, WCCG targets investments across a broad range of asset types through single-asset and portfolio acquisitions, and is also an active acquirer of real estate debt. WCCG’s primary focus is the acquisition of complex or undervalued real estate assets with the opportunity to create value through repositioning, redevelopment, or leveraging our exceptional property and asset management platform to create operational efficiencies. WCCG’s portfolio includes investments in office, retail, industrial, multifamily, self-storage, and land. Please visit our website for more information: www.wccapitalgroup.com
About Great Value Storage, LLC
Great Value Storage, a wholly owned and operated subsidiary of World Class Capital Group, LLC, currently operates 31 self-storage facilities containing over 14,000 units and 2,000,000 square feet. Great Value Storage centers reflect a commitment to quality, convenience and service. Great Value has a commitment to quality, convenience and service and strives to provide low-cost offerings and high-touch service for its customers. The company has an integrated national platform that increases asset profitability with operating and marketing cost efficiencies. Please visit our website for more information: www.greatvaluestorage.com