Centerbridge Partners and Reframe Holdings Unite for Growth
Partnership to Target High-Quality Self-Storage Properties
Centerbridge Partners, L.P. and Reframe Holdings LLC have established a significant joint venture aimed at the self-storage sector. This collaboration aspires to accumulate and own self-storage facilities exceeding $500 million in asset value across the United States. By leveraging their resources, the partnership aims to acquire Class A and institutional-quality Class B properties in major metropolitan regions.
Focus on Leading Property Management
The new venture will utilize experienced third-party property managers to ensure efficient operations of the self-storage facilities. Merging Centerbridge’s extensive experience in the self-storage market with Reframe's expertise in acquisition, development, and management creates a robust foundation for success in this dynamic sector.
Centerbridge's Proven Track Record
With a substantial history in various markets, Centerbridge Partners has been a key player in the self-storage investment landscape. Since 2017, the firm has invested around $3 billion in U.S. self-storage real estate, accumulating over 375 properties and a total of more than 22 million square feet of space. Their reach also extends to the European self-storage sector, solidifying their reputation as a leader in the industry.
Reframe's Role in the Partnership
Reframe Holdings, co-founded by Matt Dicker and Zack Widmann, brings a fresh perspective and innovative strategies to the partnership. The firm’s founding principles focus on entrepreneurial thinking and data analytics, which will play a crucial role in accelerating their operational goals. Matt Dicker expresses confidence in the synergy created by combining Reframe's operational capabilities with Centerbridge's strategic insights.
Market Opportunities Ahead
The self-storage market continues to show resilience, positioning it well for future growth. As Matt Dabrowski, from Centerbridge, indicates, market fundamentals are stabilizing, and new supply is moderating. This environment presents a ripe opportunity for strategic investments in self-storage properties. The venture aims to tap into these growth opportunities by acquiring a well-curated portfolio with value-added potential.
Industry Expertise and Relationships
In a fragmented market, the partnership's established industry relationships and innovative sourcing channels will enable them to seize critical opportunities as the self-storage sector evolves. Zack Widmann's insight into leveraging these relationships will be instrumental in guiding the venture toward profitable investment strategies.
Driven by Partnership Success
Advisors play a pivotal role in the formation and success of such partnerships. Walker & Dunlop's Equity and Structured Finance team provided guidance during the joint venture's establishment. Additionally, Burr & Forman LLP and Simpson Thacher & Bartlett LLP acted as legal advisors for Reframe and Centerbridge, respectively, ensuring that all aspects of the partnership were comprehensively addressed.
About Centerbridge Partners
Founded in 2005, Centerbridge Partners is a multi-strategy investment firm known for its diverse investment capabilities in private equity, credit, and real estate. As of mid-2025, Centerbridge manages approximately $43 billion and has made a significant impact with over $12 billion invested in real estate projects across various sectors.
About Reframe Holdings
Reframe Holdings, established in 2024, is based in Charleston, SC, and Boca Raton, FL, led by industry veterans. With a track record of over $1.8 billion in self-storage and industrial transactions, Reframe is positioned to advance rapidly in the market, implementing strategic acquisition tactics aimed at capturing high-value opportunities.
Frequently Asked Questions
What is the focus of the joint venture between Centerbridge and Reframe?
The joint venture primarily targets acquiring Class A and institutional-quality Class B self-storage properties across the United States.
What advantages do Centerbridge and Reframe bring to this partnership?
Centerbridge offers extensive experience in self-storage investments, while Reframe brings innovative strategies, data analytics, and entrepreneurial thinking to the table.
How has Centerbridge performed in the self-storage sector historically?
Centerbridge has invested around $3 billion in U.S. self-storage real estate since 2017, showcasing a robust portfolio of over 375 assets.
What role do industry relationships play in the joint venture?
Strong industry relationships will help the partnership tap into crucial opportunities and develop an institutional-quality portfolio effectively.
What strengths does Reframe Holdings possess as a company?
Reframe Holdings is recognized for its entrepreneurial mindset and extensive transaction experience in self-storage and industrial properties, totaling over $1.8 billion across 40 facilities.
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