The five-property purchase represents the third self-storage portfolio acquisition for World Class Capital Group in less than a year. Through these portfolios, as well as two single-asset acquisitions during this same time period, WCCG has added 27 facilities comprised of over 15,000 units and 1.8 million square feet to their growing national platform.
“We are excited to add these five facilities to our growing portfolio,” said Nate Paul, President and CEO of World Class Capital Group. “We continue to find valuable opportunities to expand our platform and grow our national presence. As we expand further, market concentration will continue to be an emphasis in an effort to further operational efficiencies achieved in markets where we own and operate multiple assets.”
World Class has planned an extensive capital improvement project for the self-storage facilities. The investment firm will also rebrand the properties under its Great Value Storage flagship brand (https://www.greatvaluestorage.com/), a wholly owned and operated subsidiary of WCCG.
“Given the current state of the industry, we see a tremendous amount of opportunity for well-capitalized private operators,” commented Jake Walker, Vice President of Acquisitions at World Class Capital Group. “We have a long-term outlook for the platform, and will continue to be a significant acquirer of self-storage facilities nationwide.”
About World Class Capital Group, LLC
World Class Capital Group, LLC is a leading private real estate investment firm based in Austin, TX. The firm pursues opportunities in all U.S. markets and has a distinct focus on vale add and core plus real estate investments. WCCG targets investments across a broad range of asset types through single-asset and portfolio acquisitions, and is also an active acquirer of real estate debt. WCCG’s primary focus is the acquisition of complex or undervalued real estate assets with the opportunity to create value through repositioning, redevelopment, or leveraging our exceptional property and asset management platform to create operational efficiencies. WCCG’s portfolio includes investments in office, retail, industrial, multifamily, self-storage, and land.
About Great Value Storage, LLC
Great Value Storage, a wholly owned and operated subsidiary of World Class Capital Group, LLC, currently operates 38 self-storage facilities containing over 20,000 units and 2,800,000 square feet. Great Value Storage centers reflect a commitment to quality, convenience and service. Great Value has a commitment to quality, convenience and service and strives to provide low-cost offerings and high-touch service for its customers. The company has an integrated national platform that increases asset profitability with operating and marketing cost efficiencies.