AUSTIN, TX—Austin-based World Class Capital is expanding its national footprint with an acquisition of a five-property self-storage portfolio.
The 2,500 acquired units are in Houston and Indianapolis and account for 330,000 square feet of commercial space, according to a report by the Austin Business Journal. World Class Capital also did not disclose the seller other than to say it was a publicly-traded real estate investment trust.
The real estate investor will rebrand the storage units as Great Value Storage, a wholly-owned and operated subsidiary of World Class Capital Group.
Great Value Storage currently owns and operates 38 self-storage units containing more than 20,000 units and 2.8 million square feet.
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