Arcland Mid-Atlantic Self-Storage Portfolio, Virginia and Maryland
PROPERTY TYPE
Self-Storage
PROPERTY SIZE
Eight buildings, 5,663 units
PROPERTY OVERVIEW
In 2021, ASB acquired an eight-building self-storage portfolio in joint venture with a local developer-owner-operator. Totaling 595,888 square feet and 5,663 units, the properties are located in markets concentrated throughout Virginia and Maryland. Most units are climate controlled with favorable ground-floor access and average over 100 square feet of space.
Ongoing demographic shifts, strong demand for apartments, and work-from-home trends all benefit self-storage and will drive prospects for continued income growth in this asset class.
