REBusinessOnline

JOINT VENTURE TO ACQUIRE SELF-STORAGE FACILITIES IN FLORIDA

ORLANDO, FLA. — Armonk, N.Y.-based Kayne Anderson Real Estate Partners I has partnered with Orlando-based Flagship Investment Group to acquire a five-property portfolio of self-storage facilities across Florida. The 375,097-square-foot portfolio offers 3,187 units located throughout the Greater Orlando and Jacksonville areas, including Orange Park, Fleming Island, Clermont and Minneola. The portfolio sold for approximately $25 million. Additional terms of the transaction were not released.

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