Heitman Acquires Galway Self-Storage Site to Expand U-Store It Platform

Heitman Acquires Majority Stake in Servistore

February 24, 2025

Real Estate

Heitman LLC has acquired a majority stake in Servistore, the third-largest self-storage operator in Sweden, which operates 31 sites (25 open, 6 due to open) with over 4,000 units and ~330,000 square feet of storage. The acquisition, completed on behalf of Heitman's European value strategy, will see Heitman scale Servistore's technology-led, largely unmanned operations and enhance revenue management and ancillary services across the Swedish market.

H.I.G. Capital Recapitalizes Titan Storage Solutions (UK)

February 14, 2022

Real Estate

An affiliate of H.I.G. Capital has acquired an interest in Titan Storage Solutions, a UK self-storage operator owning five assets totalling approximately 142,000 sq. ft. H.I.G. said the investment will support the platform’s growth, leveraging Titan’s digital approach to asset procurement and ramp-up to build a regional champion in the UK self-storage market.

SmartStop Self Storage REIT Acquires Strategic Storage Growth Trust II

June 1, 2022

Real Estate

SmartStop Self Storage REIT, Inc. completed a stock-for-stock merger to acquire Strategic Storage Growth Trust II, Inc., valuing SSGT II's real estate portfolio at approximately $280 million. The transaction adds 10 wholly-owned operating self storage facilities (about 8,500 units and ~900,000 rentable sq ft) to SmartStop's portfolio, creating a combined portfolio of 152 properties (~11.7 million rentable sq ft and 102,000 units) and delivering expected scale benefits and expense efficiencies.

Extra Space Storage Acquires Storage Express for $590M

September 16, 2022

Real Estate

Extra Space Storage (NYSE: EXR) completed the acquisition of multiple entities doing business as Storage Express—adding 107 remote-managed self-storage properties across Indiana, Ohio, Illinois and Kentucky—for approximately $590.0 million. The deal also included the purchase of the E-Tracker operating software platform and adds 14 future development sites; Storage Express founder Jefferson Shreve was appointed to Extra Space's board following the transaction.

Public Storage Acquires Simply Self Storage from BREIT for $2.2 Billion

July 24, 2023

Real Estate

Public Storage agreed to acquire Simply Self Storage from Blackstone Real Estate Income Trust (BREIT) for $2.2 billion. The deal includes 127 wholly-owned properties totaling ~9 million net rentable square feet across 18 states (predominantly Sunbelt markets) and is expected to close in the third quarter of 2023.

Tesco Ireland Acquires Ten Joyce's Supermarkets Stores in Galway

November 30, 2021

Retail

Tesco Ireland has agreed to acquire ten Joyce's Supermarkets retail stores in County Galway, subject to approval by the Competition and Consumer Protection Commission (CCPC). The Joyce family will sell the stores while retaining other business interests; the stores will be rebranded as Tesco and Joyce's employees will be transitioned to Tesco Ireland roles.