HOUSTON-World Class Capital LLC has bought a portfolio of self-storage facilities in Texas. The Austin-based investment and asset management firm purchased 12 storage facilities in Houston and Dallas for $35.5 million from Sovran Self Storage Inc.
The self-storage portfolio comprises more than 8,000 units. The new owner will rebrand the facilities and operate them under the Great Value Storage brand. Earlier this month, World Class closed a deal to purchase a 41,000-square-foot property beside the Four Seasons Hotel Austin. For the full story, go to Austin Business Journal .
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