The properties in Murfreesboro, Tennessee together comprise 1,200 units
October 5, 2020: Utah-based Wasatch Storage Partners sold a two-property portfolio in Murfreesboro, Tenn., to Reliant Real Estate Management LLC. Together, the facilities comprise 1,200 units. One property, at 1932 Cason Lane, was branded and managed by CubeSmart. Built in 2005 and expanded in 2017, it has 538 units. Salem Glen Self Storage at 3450 Glenside Court comprises 662 units. It was built in 2017 and expanded this year to add 57 RV-parking spaces.
The seller was represented in the transaction by Bo Fulk, Steve Mellon and Brian Somoza of JLL Capital Markets, a full-service global provider of capital solutions for real estate investors and occupiers.
Reliant operates storage properties under various names, including StoreSmart Self Storage. Its operating portfolio of 53 owned and managed facilities comprises more than 4.7 million square feet.