QuadReal, a global real estate investment, operating and development company, and Store Space, a self-storage owner-operator and third-party management company, agreed to acquire a 13-property portfolio totaling over 9k units, or 1.1m square feet for $200m. "We're very enthusiastic to enter this partnership with QuadReal, with the shared goal of building a large, high-quality portfolio in this recession-resistant sector. This also represents a significant milestone for us, as we've found an alliance that will help us grow our brand and bring our best-in-class platform to new markets at a rapid pace. QuadReal understands the significant value in our team's ability to quickly drive outperformance across a growing portfolio and this investment will fuel even more rapid expansion across the country," Chris Harris, Store Space CEO.