NEW YORK— StorageMart has acquired 15 self storage properties across New York City for $1 billion, including locations in Manhattan, Staten Island, Brooklyn, and Queens. The portfolio totals approximately 1.3 million net rentable square feet and is comprised of 25,498 storage units and 121 parking spaces.
StorageMart, operating as Manhattan Mini Storage, spans 51 locations in the greater New York City metropolitan area, totaling more than 4 million net rentable square feet and reinforcing its strong position in one of the most competitive urban storage markets in the world.
“This 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’s enduring demand fundamentals,” said Alex Burnam, StorageMart’s Senior Vice President of Real Estate Acquisitions. “We’re proud to expand the Manhattan Mini Storage brand and continue setting the pace for innovation and growth in the industry.”
This transaction marks a continuation of StorageMart’s strategic expansion and is the second-largest self storage acquisition in New York City history, building on StorageMart’s prior acquisition of the Manhattan Mini Storage platform in 2021.
With this acquisition, StorageMart will bring its total portfolio to approximately 354 locations across 3 countries and will surpass the major milestone of $10 billion in assets under management, solidifying its position as the largest privately-owned self storage company in the world.
