Newmark brokered a recapitalization and new joint venture between Hines and CubeSmart for a 14-property self-storage portfolio located across the Dallas-Fort Worth Metroplex. Newmark’s Aaron Swerdlin and Andrew Warin advised Hines on the recapitalization.
“As one of the largest national self-storage portfolio transactions of 2024, this transaction was a testament to the strength of the Dallas-Fort Worth market and further validation of the durability and appeal for high-quality storage assets across the U.S.”
The portfolio, which encompasses more than 9,700 units across over 1.25 million net rentable square feet, operates under the CubeSmart Self Storage brand. In Dallas-Fort Worth submarkets, including Arlington and Plano, the assets capitalize on rapid population growth and increasing local demand for self-storage solutions.
According to Newmark’s Q3 2024 Self-Storage Report, Dallas ranks third for the highest projected population growth.
