AUSTIN – CBRE WWG Storage Partners JV III LLC has acquired 64 self-storage facilities that comprise the Great Value Storage chain.
The portfolio includes properties across ten states. At least 30 of the facilities are in Texas, including at least three in Austin.
The buyer, a partnership between a subsidiary of CBRE Group Inc. and The William Warren Group Inc., purchased the portfolio out of bankruptcy for $588 million.
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Source: Austin Business Journal