Invesco and Westport Properties Acquire Eight Self Storage Properties

By Maria Kingston.
Updated Jul 20, 2022

IRVINE, Calif. (PRWEB) July 20, 2022 - Invesco, in partnership with Westport, announced that it has acquired eight self-storage properties encompassing 3,844 units in 4 separate transactions in Clarksville (Tennessee), Bend (Oregon), Raleigh-Durham (North Carolina), and Winston Salem (North Carolina). The partnership will rebrand the properties under the US Storage Centers brand with Westport Properties serving as the operator.

Properties include:

Invesco and Westport represented themselves in the acquisition.

About US Storage Centers Founded in 1985, Westport Properties (WPI) is an owner-operator of self-storage, multifamily, and industrial properties across the United States. The Company is a fully integrated operator that develops, acquires, and manages its portfolio as well as provides third-party management services. As of January 2022, WPI has approximately 12 million square feet of self-storage space under management and its total assets under management are approaching $2.5 billion with its US Storage Centers brand as well as over 750 multifamily units in two states while employing over 600 people nationwide. WPI is a founding partner of the 501(c)3 Kure-It, a non-profit organization that raises money for underfunded cancer research, and Charity Storage, a 501(c)3 that uses vacant storage units to raise money for local charities. To date, Kure-It has raised over $12M and Charity Storage has raised over $500K.