Ivanhoé Cambridge, a global real estate industry leader, is pleased to announce its new strategic partnership with Safely Store Self Storage (“Safely Store”), targeting the self storage sector in the United States, marking its first entry into this alternative industrial asset class.
Safely Store is a self storage dedicated investment platform formed by the principals of Iron Point Partners, LLC (“Iron Point”) and the self storage platform of Taylor/Theus Holdings, Inc. (“Taylor/Theus”). Ivanhoé Cambridge alongside another global institutional investor and Safely Store will be investing an initial US$400 million in equity to be deployed nationally over the next few years, with the potential to scale up further over time.
The partnership’s investment strategy is focused on Tier I and Tier II markets, and it is designed to cover the risk/return spectrum to blend to a value-add return with a mix of ground-up developments, redevelopments, and acquisitions of lease-up projects and undermanaged operational assets.
You can read the full press release now at the link below