Announced

Inland to acquire a majority stake in Devon Self Storage.

Synopsis

The Inland Real Estate Group of Companies, one of the nation’s largest commercial real estate and finance groups, agreed to acquire a majority stake in Devon Self Storage, one of the largest privately owned national self-storage operators. Financial terms were not disclosed. “Acquiring a vertically integrated self-storage platform aligns perfectly with Inland’s long-term strategic plans,” Tony Chereso, The Inland Real Estate Group CFO.

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