{"id":117698,"date":"2026-01-30T19:17:16","date_gmt":"2026-01-30T19:17:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/117698\/"},"modified":"2026-01-30T19:17:16","modified_gmt":"2026-01-30T19:17:16","slug":"storagemart-builds-on-expanding-nyc-portfolio-with-1b-acquisition-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/117698\/","title":{"rendered":"StorageMart Builds on Expanding NYC Portfolio With $1B Acquisition \u2013 Commercial Observer"},"content":{"rendered":"

StorageMart<\/a>, parent company of Manhattan Mini Storage<\/a>, has acquired 15 New York City self-storage facilities in a deal valued at roughly $1 billion, the company announced<\/a> Wednesday.<\/p>\n

The Carlyle Group<\/a> sold the properties, which include 72 Caton Place in the Windsor Terrace section of Brooklyn, according to Traded<\/a>. StorageMart is calling the sale the second-largest self-storage deal in New York City\u2019s history, after its own 2021 purchase of Manhattan Mini Storage involving 18 facilities.<\/p>\n

SEE ALSO: JP Real Estate Group Acquires Mixed-Use Building in Lenox Hill for $23M<\/a><\/p>\n

\u201cThis acquisition reinforces our long-term commitment to New York City and our confidence in both the strength of the self-storage sector and the city\u2019s enduring demand fundamentals,\u201d Alex Burnam, StorageMart\u2019s senior vice president of real estate acquisitions, said in a statement.<\/p>\n

The portfolio spans approximately 1.3 million square feet, 25,498 storage units, and 121 parking spaces, according to StorageMart. The storage company paid about $584 per square foot, according to Traded.<\/p>\n

StorageMart and Carlyle did not immediately respond to requests for comment.<\/p>\n

The firm\u2019s acquisition of Manhattan Mini Storage may have included more individual properties, but it was also a larger deal in terms of price. StorageMart paid Edison Properties $3 billion for Manhattan Mini Storage, Commercial Observer reported at the time<\/a>.<\/p>\n

The deal stood out at the time, as self-storage space was becoming a hot commodity in commercial real estate in the aftermath of the pandemic<\/a>.<\/p>\n

StorageMart went on to secure a $1.3 billion loan from Citigroup to refinance its national portfolio in May 2023<\/a>.<\/p>\n

\u00a0Mark Hallum can be reached at mhallum@commercialobserver.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"StorageMart, parent company of Manhattan Mini Storage, has acquired 15 New York City self-storage facilities in a deal…\n","protected":false},"author":2,"featured_media":117699,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[51903,51904,2664,75,84,83,9,24,63,15568],"class_list":["post-117698","post","type-post","status-publish","format-standard","has-post-thumbnail","category-manhattan","tag-72-caton-place","tag-alex-burnam-channel","tag-investments-sales","tag-manhattan","tag-manhattan-headlines","tag-manhattan-news","tag-new-york","tag-new-york-city","tag-nyc","tag-portfolio-sale"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/117698","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=117698"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/117698\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/117699"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=117698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=117698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=117698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}