Memphis, TN, August 19, 2014 --(PR.com
)-- Premier Storage Investors announced today the acquisition of AAA Self Storage in Austin, Texas. In addition, the Company has an additional six properties under contract for an approximate purchase price of $30.0 million.
Pete Williams, Principal of Premier Storage Investors, stated, “AAA self storage is located in one of the fastest growing cities in the Country and we are fortunate to plant our flag in the Austin Market. Our Company plans to continue our acquisition efforts within the Texas markets with a primary focus on the Austin, Dallas, Houston and San Antonio markets. We feel great about the diversity of our portfolio with the investments made or currently committed in Texas, New York, the Southwest, the Southeast and New England.”
About the Company: Premier Storage Investors, LLC is a self storage real estate investment and development company with offices in Memphis, Tennessee & Los Angeles, California. The company’s sole focus is to acquire and develop self storage real estate within the top 40 MSA’s in the United States. The Company’s executives have extensive experience within the self storage real estate sector. The principals of the firm have executed on self storage acquisitions, development, and dispositions totaling over $3.5B across the United States. www.pssinvestors.com