CubeSmart Acquires LAACO, Ltd.'s Storage West Platform
December 9, 2021
CubeSmart (NYSE: CUBE) closed the acquisition of LAACO, Ltd., owner of the Storage West self-storage platform, adding 59 properties across Southern California, Phoenix, Las Vegas and Houston. The deal expands CubeSmart's national footprint and was funded with proceeds from recent equity and unsecured senior note issuances.
- Buyers
- CubeSmart
- Targets
- LAACO, Ltd. (Storage West)
- Sellers
- LAACO, Ltd.
- Industry
- Real Estate
- Location
- California, United States
- Transaction Type
- Buyout
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