VanWest Partners Grows Self Storage Assets with Latest Deals

VanWest Partners Expands National Self Storage Portfolio

VanWest Partners, a Denver-based real estate investment firm, is making headlines with its latest investment strategy. The company has successfully acquired three new assets, enhancing its national self-storage footprint and increasing its operational capabilities.

Strategic Acquisitions Overview

These new acquisitions mark a significant addition to VanWest's portfolio, which now encompasses 40 self-storage facilities. Overall, the assets total over 20,000 units and a whopping 3.2 million net rentable square feet (NRSF).

ClearHome Self Storage – Springdale

The Springdale facility boasts 539 units and 72,645 NRSF. Located in a thriving metro area, this property stands out with its mix of drive-up, non-climate-controlled, and interior climate-controlled units. First opened in 2007 and expanded in 2018, this facility is positioned well in a strong, underserved market, making it an attractive investment.

ClearHome Self Storage – Arville

This acquisition in Las Vegas features 314 units and 36,400 NRSF. Situated just two miles northwest of the bustling Las Vegas Strip, this three-story Class A facility was built in 2021, offering both climate-controlled and non-climate storage options, meeting the diverse needs of local residents.

ClearHome Self Storage – Dacula

The Dacula property presents 425 units and 58,750 NRSF, plus an additional 27,720 NRSF dedicated to parking spaces. Located in a prosperous Atlanta suburb, this site provides a diverse selection of drive-up and climate-controlled units. With multiple phases of development from 2016 to 2024, it operates in a rapidly growing submarket with limited self-storage competition.

Effective Management and Operations

Each of these facilities operates under ClearHome Self Storage, which is VanWest's vertically integrated management solution. By streamlining operations to enhance efficiency, ClearHome focuses on increasing occupancy rates, reducing overhead expenses, and providing an outstanding leasing experience to its customers.

Comments from Leadership

Jacob Vanderslice, Co-Founder and Principal at VanWest Partners, remarked on the positive demographics and consumer demand for self-storage in these respective markets. He expressed enthusiasm about the potential long-term performance of these new assets, noting, "With a strong market foundation, we are excited to see how these facilities can thrive under a more effective operational framework."

Looking Ahead

With nearly $32 million in total capitalization deployed in 2024, VanWest is optimistic about the evolving market conditions. The firm anticipates a rise in acquisition volume in the coming years. Vanderslice added, "We're eager to uncover new opportunities for our investors, especially as market dynamics shift favorably towards self-storage investments."

About VanWest Partners

VanWest Partners is dedicated to self-storage acquisitions and management, specializing in various strategies that deliver consistent value. By leveraging its expertise in asset development and repositioning, the firm operates a vertically integrated management platform that prioritizes operational excellence across its portfolio.

Frequently Asked Questions

What is VanWest Partners known for?

VanWest Partners is a real estate investment firm specializing in self-storage acquisitions and operations, focusing on delivering value through strategic investments.

How many self-storage facilities does VanWest currently own?

VanWest now owns a total of 40 self-storage facilities, comprising over 20,000 units and 3.2 million net rentable square feet.

Where are the newly acquired storage facilities located?

The new acquisitions are located in Springdale, Las Vegas, and Dacula, expanding VanWest's footprint in key markets.

What management approach does ClearHome utilize?

ClearHome operates under a vertically integrated management model to enhance efficiency, increase occupancy, and deliver a high-quality leasing experience.

What are the company's future plans?

VanWest Partners plans to continue exploring new self-storage investment opportunities as market conditions evolve and improve.

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