GIC and National Storage REIT to invest $228m in expanded JV fund

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The National Storage REIT and Singapore’s sovereign wealth fund GIC (GIC) have strengthened their...

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The partners will invest a further $228m in the second tranche of the National Storage Ventures Fund...

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The acquisition of the tranche 2 assets is expected toresult in net sale proceeds of $140m for NSR which will be...

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This transaction builds on the first $270m investment made last year to acquire and develop 10 self-storage...

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NSR will continue to act as manager of the fund andidentify, acquire and develop other...

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