Titan Development is proceeding with the development of two new self storage projects in partnership with WDP Partners. The two projects represent Titan Development’s first self storage projects in Gilbert, Arizona. These projects are part of the Titan Development Real Estate Fund I (TDREF I), a private equity real estate fund managed by Titan Development.
The first project, Extra Space Storage Coronado & Ray, is a 91,000 sf climate controlled facility. It is scheduled to break ground in March 2018, and will be operational in Q4 2018.
The second project, Extra Space Storage Gilbert & warner, is a 755-unit climate controlled and non-climate controlled facility. It is scheduled to break ground in January, and will be operational in late Q4 2018.
“The self storage industry is seeing a lot of disruption due to best-in-class operators like Extra Space Storage who are raising the bar on expectations for self storage,” said Brian Patterson, Director of Development for Self-Storage. “These new facilities have innovative features that customers now expect with self storage.”
Both projects will be operated by Extra Space storage, a best-in-class operator with extensive experience in the region. Extra Space Storage is the second largest operator of self storage in the U.S. with over $1.8B in acquisitions since 2015.
About Titan Development
Formed in 1999, Titan Development has experience in a full range of real estate services including raw and developed land acquisitions, land entitlement, design/build leaseback, joint ventures, and private equity real estate fund management. The company has existing land holdings across Florida, Texas, and New Mexico.
Recent developments include: Elan Spanish Springs, a senior living community located in The Villages Florida; Titan Industrial Park, located along I-35 just north of San Antonio; and Broadstone Northpoint -- a Class A multi-family project in Albuquerque.