VALUESPACE STORAGE FUND I, LLC ANNOUNCES THE SALE OF ITS SELF STORAGE PORTFOLIO TO National Storage Affiliates, a publicly traded national self storage real estate investment trust (NYSE: NSA).
ATLANTA, GEORGIA – August 26, 2015 – ValueSpace Storage Fund I, LLC is pleased to announce the sale of its portfolio of self storage assets to National Storage Affiliates (“NSA”), a publicly traded national self storage real estate investment trust (NYSE: NSA). Following the sale, the portfolio will be managed by one of NSA’s Participating Regional Operators, SecurCare Self Storage.
Rajen J. Sheth, Managing Director of ValueSpace Storage Fund I, LLC, said, “We are pleased to have successfully navigated the downturn during the Great Recession, completed the sale of our portfolio to a public self storage REIT and delivered an outstanding return on investment to our investors.”
ABOUT VALUESPACE STORAGE
ValueSpace Storage Fund I, LLC was founded in 2007 by Rajen J. Sheth to raise capital from high net-worth investors for investment in self storage assets in the fastest growing suburban Atlanta markets. The Fund successfully acquired and managed self storage assets, enhanced its properties, grew revenue and occupancy, and has returned capital to its investors.