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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