GIC and Cascade Investment to invest in StorageMart at a $2.7bn valuation.

Investment firms GIC and Cascade Investment agreed to invest in StorageMart, a chain of self-storage facilities headquartered in Columbia, Missouri, at a $2.7bn valuation. "Mr. Kroenke's leadership and support has allowed the company to achieve remarkable success. The self-storage sector is rapidly evolving, and companies that can deploy technology, enhanced operations, and a truly memorable customer experience are going to outperform. To do this, scale is a fundamental requirement. By combining the forces of Mr. Kroenke and our new partners GIC and Cascade Investment, StorageMart will be in an unrivaled position to achieve its growth strategies in both current and new markets," Cris Burnam, StorageMart CEO.