ROSEWOOD PROPERTY COMPANY ACQUIRES NEW SELF-STORAGE FACILITY IN SAN ANTONIO, TEXAS
Aug 7, 2018 | Press Release
For Immediate Release
Rosewood Property Company Acquires New Self-Storage Facility in San Antonio, Texas
88,875-square-foot project is Rosewood’s third in the market
DALLAS – Aug. 7, 2018 – Rosewood Property Company announced today it has acquired a new self-storage facility in San Antonio, Texas.
Located at 12211 N. I-35, the project contains 88,875 rentable square feet and 784 storage units, all of which are climate controlled.
"This facility adds another important project to our expanding presence in the self-storage sector,” said Bill Flaherty, Chief Executive Officer of Rosewood Property. “The facility, which was recently completed, is quite visible from I-35 and is performing well. We continue to focus on additional acquisitions, in multiple markets, that would be a strategic fit within our portfolio.”
The project is managed by and branded under the Extra Space Storage name. This is Rosewood’s third self-storage project in the San Antonio market after completing two new developments which opened in late 2016, those projects are located at 7363 N. Loop 1604 W, San Antonio, TX 78249 and 9738 Huebner Rd, San Antonio, TX 78249.
Rosewood Property Company currently owns a portfolio of 43 operating self-storage projects in 11 states totaling more than 3.25 million square feet and approximately 26,500 storage units. RPC is developing new multi-story storage projects in select markets and remains focused on actively building its self-storage portfolio, mainly through acquisition.
About Rosewood Property Company
Rosewood Property Company, based in Dallas, is a wholly owned subsidiary of The Rosewood Corporation. Rosewood Property Company and its affiliates have an extensive portfolio, including investments in office, multifamily, industrial, self-storage, and land assets, as well as investments in the equity securities of private real estate investment companies. For more information, please visit www.rosewoodproperty.com.