StoreWest Bluebird Partners is set to open a new 731-unit self-storage facility in Calgary as part of its strategic investment plan, marking the final project of KV RE Equity Partners Fund I LP.
Target Information
StoreWest Bluebird Partners is set to open its latest self-storage facility in Calgary in the third quarter of this year. This addition aligns with the ongoing commitment of the Real Estate Equity Partners team to develop Class A self-storage facilities across Canada. The acquisition involves a 731-unit, spec-built facility that will be leased and sold upon stabilization, marking a significant step in the firm's growth trajectory.
This facility represents the culmination of KV RE Equity Partners Fund I LP, completing the fund's total capital investment of $46.5 million within just 18 months from its initial closing date. This venture encapsulates the fund's strategic goals and showcases its effectiveness in capital deployment.
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StoreWest Bluebird Partners
invested in
KV RE Equity Partners Fund I LP
in 2024
in a Strategic Partnership deal
Disclosed details
Transaction Size: $47M