Storage Post Self Storage Acquires Bronx Storage Property on Brook Avenue

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Jan 03, 2013, 09:00 ET

ATLANTA, Jan. 3, 2013 /PRNewswire/ -- Storage Post Self Storage has acquired ownership of a self storage facility located at 979 Brook Avenue in Bronx, New York City. Storage Post managed the location under its company brand since March 2012, increasing occupancy and reducing expenses and operating costs.

The new 83,000 square feet Storage Post property offers 770 storage units and was purchased from a New York developer. It is now entirely managed, owned and operated by Storage Post and its leadership team.

The acquired self storage location in the Bronx features climate controlled storage units, on-site parking, expansive covered loading areas and 24-hour video recording. Storage Post, with its experienced management strategies, will continue to optimize the property's performance.

"Our executive team is excited to add the Brook Avenue self storage facility to Storage Post's portfolio. We believe our internal operations, paired with our industry expertise, allows us to maximize the property's operational value. Our platform gives us a competitive advantage, allowing us to pass favorable economics on to owners looking for an exit," Storage Post Chief Investments Officer Dylan Delaune commented. "We look forward to continuing to build our brand presence and serving the local communities within New York."

Storage Post actively pursues growth opportunities through the acquisition, redevelopment and management of existing self storage properties. The company targets both single property and portfolio transactions in its effort to expand its market and reach a wider client base. For additional information on Storage Post acquisitions, contact the Acquisitions Department at 1-877-674-6777 or [email protected].

About Storage Post

Headquartered in Atlanta, GA, Storage Post is a leading self storage company that focuses on quality products, operational excellence and positive customer service. Storage Post has locations along the East Coast and throughout the South, and is actively pursuing self storage acquisitions. For more information on Storage Post acquisitions and its executive leadership team, visit www.storagepost.com.

SOURCE Storage Post Self Storage