City Line Capital has announced the completion of its eleventh self storage property acquisition in the past six months. The company’s portfolio now totals over 700,000 rentable square feet across eight different states including Colorado, Michigan, Florida, Texas, Pennsylvania, Louisiana, North Carolina and South Carolina. The properties have been rebranded and are being managed by industry-leading third-party management firms.
City Line Capital continues to aggressively seek self storage properties nationwide, and currently has six additional properties under agreement, totaling approximately 350,000 rentable square feet. “Our goal is to grow a national platform. Eleven assets in eight states has provided us with a great foundation to build upon. We expect continued growth in these markets while also seeking opportunities in new geographies. ” said Rick Schontz, Managing Partner with City Line Capital.
“Our transparent process and ability to execute quickly makes us a great partner for both private and institutional owners who are looking to exit their self storage assets. Our capital structure and the economies of scale within our asset management platform allow us to provide market-leading valuations for owners while still creating long-term value for our investors,” added Matt Weckesser, Director of Acquisitions with City Line Capital.
About City Line Capital
City Line Capital is a fully integrated real estate firm based in Philadelphia, Pennsylvania which focuses on the acquisition and asset management of high-quality self storage properties throughout the United States. Collectively the members of City Line Capital have been involved in over $2 billion of self storage transactions across the United States and bring with them over 30 years of experience. The firm is aggressively seeking new self storage acquisition opportunities