StorageMart JV with sovereign wealth fund buys Carlyle's 15-property NYC self-storage portfolio for
Value
$1.0B
Location
New York, New York County / Kings County / Queens County / Richmond County, New York
Date
2026-02-12
Companies
StorageMart, Unnamed sovereign wealth fund, Carlyle Group, Kayne Anderson, Eastdil Secured
A joint venture between StorageMart (20% stake) and an unnamed sovereign wealth fund (approximately 80% stake) acquired 15 New York City self-storage facilities from Carlyle Group for approximately $1.03 billion - the largest self-storage transaction in New York City in five years. The roughly 1.3 million-square-foot, ~26,000-unit portfolio is located across Brooklyn, Queens, Manhattan, and Staten Island. Kayne Anderson provided a $615 million acquisition loan. Carlyle remains involved as asset manager for the sovereign investor.
Source
The Real Deal