Private investment firm Centerbridge Partners L.P. has formed a joint venture with Reframe Holdings, a commercial real estate investment and management firm, to purchase self-storage facilities in metropolitan areas nationwide. The partnership will invest more than $500 million in existing class-A and -B facilities, utilizing third-party property management services to oversee operations, according to a press release.
“We founded Reframe with the confidence that our entrepreneurial mindset, data analytics and proven execution would make us an ideal partner for a firm like Centerbridge,” said Matt Dicker, cofounder of Reframe. “By combining Reframe’s acquisition and operating experience with Centerbridge’s capital and strategic perspective, we are confident in our ability to scale quickly.”
“Centerbridge has long recognized the resilience of the self-storage industry through economic cycles. With fundamentals stabilizing and new supply moderating, we believe the sector is well-positioned for renewed growth,” said Matt Dabrowski, cohead of real estate and senior managing director for Centerbridge. “We are thrilled to partner with Matt, Zack [Widmann] and the entire Reframe team, leveraging their deep industry relationships and data-driven approach to capitalize on the evolving opportunity set.”
Related:Self-Storage Real Estate Acquisitions and Sales: February 2026
Founded in 2005, Centerbridge is a multi-strategy, private-investment firm focused on leveraged buyouts and distressed securities. Based in New York, it has approximately $43 billion in capital under management. Since 2017, it has acquired 22 million square feet of self-storage across 365 facilities valued at $3 billion.
Founded in 2024 with offices in Boca Raton, Florida, and Charleston, South Carolina, Reframe has transacted on 40 industrial or self-storage facilities comprising 5.1 million square feet, valued at more than $1.8 billion.
Source: PR Newswire, Centerbridge Partners and Reframe Holdings Announce Self-Storage Joint Venture
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