Self-storage real estate investment trust and management firm CubeSmart has formed a $250 million strategic joint venture with CBRE Investment Management (CBRE IM) to invest in self-storage facilities nationwide. The partnership has already made its first acquisition in Phoenix. CubeSmart will oversee all acquired assets, according to a press release.
“We are excited to work with CBRE IM, a leading institutional investor, and begin a relationship centered on long-term value creation,” said Christoper P. Marr, president and CEO of CubeSmart. “This new venture builds on a long history of collaborative partnerships and highlights CubeSmart’s creative and disciplined approach to capital deployment. It underscores the strength of our operating platform while allowing us to enhance our growth profile and expand our footprint in attractive markets.”
“CBRE IM is an active investor in self-storage across our platform, and this investment demonstrates our high conviction in the sector going forward,” said Julie Ingersoll, chief investment officer of Americas direct real estate strategies at CBRE IM. “We're thrilled to launch this exciting new joint venture with CubeSmart, whom we have partnered with for several years now on the operations side. In setting up this new venture, we have a reviewed a number of high-quality opportunities with CubeSmart and appreciate their thoughtful investment approach.”
Related:Self-Storage Real Estate Acquisitions and Sales: February 2026
CubeSmart owns or manages 1,515 self-storage facilities across the U.S. Its operating portfolio comprises more than 90 million square feet.
CBRE IM is an independently operated affiliate of CBRE Group Inc, a Fortune 500 and Standard & Poor’s 500 commercial real estate services and investment firm headquartered in Los Angeles. It has more than $155 billion in assets under management.
Source: CubeSmart, CubeSmart and CBRE Investment Management Announce Formation of Strategic Joint Venture
ISS Staff
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