VIRTUS ACQUIRES 61,250 SF SELF STORAGE FACILITY IN CYPRESS

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CYPRESS, TEXAS — Private equity firm Virtus Real Estate Capital has acquired a 61,250-square-foot self storage facility in the Houston suburb of Cypress. Operated by AAA Storage since its construction in 2008, the building underwent expansion in 2012 that doubled the number of units to 417. New ownership has hired Uncle Bob’s Management to assume operations of the Class A property, which is located at 15814 Mueschke Road. The purchase represents the second self storage acquisition in Houston and the fifth in Texas for Virtus, which is based in Austin.

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