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TRICO INVESTMENTS BUYS SELF STORAGE PROPERTY IN FLORIDA

HOMESTEAD, FLA. — Trico Investments, a self storage developer and investor based in Irvine, Calif., has purchased a 500-unit, two-story self storage property located at 701 S. Homestead Blvd. in Homestead. The property was built on three acres in 1986. Trico purchased the facility in all cash from Homestead US 1 Self Storage LLC. Trico has developed and/or acquired approximately 100 self storage facilities, typically infill properties within populated areas with high barriers to entry.

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