Pinnacle Storage Properties Announces the Sale of 14-Property Portfolio
Houston, TX – October 25, 2021, – Pinnacle Storage Properties, based in Katy, Texas, announces the sale of a 14-property portfolio to National Storage Affiliates (NSA), a publicly traded REIT.
The 14-property portfolio, totaling approximately 6,600 units and 1.2 million sq. feet of combined rentable space, was purchased by NSA on September 16th. The properties are located in the highly sought-after central and east Texas region.
“I would like to thank all of the people that we have relationships with who believed in us from the beginning. They deserve the credit for making Pinnacle Storage Properties successful,” said John Manes, Pinnacle Storage Properties Partner and CEO. “In our long-term commitment to them and the industry, we will continue to acquire and operate self storage properties across the U. S.”
Pinnacle Storage Properties is a privately held, vertically integrated national real estate owner-operator focused on the acquisition, re-development, and management (both owned and 3rd party managed) of over $300M of self-storage transactions to date. Its investment strategy is focused on purchasing under-managed, under-enhanced, and under-developed self storage assets in suburban and secondary markets. Pinnacle Storage Properties takes a grassroots, off-market approach to selecting the best deals that deliver stable cash flow and long-term appreciation opportunities. With nearly 75 years of combined self-storage experience, Pinnacle has established an industry-wide reputation for superior performance derived from the core values of honesty, integrity, and respect. For more information, visit https://www.pinnaclestorageproperties.com/