LOS ANGELES, CA – Los Angeles-based developer LaTerra Development has launched a self-storage development platform and formed a joint-venture with a fund managed by Macquarie Asset Management.
The joint-venture partnership plans to deploy up to $300 million to develop ground-up self-storage facilities. The projects will initially be concentrated in Los Angeles and other Southern California markets.
The partnership's first three projects are currently underway, including 55,000 square feet in Mar Vista, CA, 63,000 square feet in Van Nuys, CA, and 77,000 square feet in the North Hollywood/Burbank, CA area. The companies are actively seeking additional sites for development.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
