W. P. Carey Announces $86M Acquisition of 24 Property Self Storage Portfolio

Investment firm W. P. Carey & Co. LLC WPC announced today that CPA®:17 - Global, one of its publicly held non-traded REIT affiliates, has acquired a 24 property portfolio of self storage facilities from A-American Self Storage. The properties comprise a total of 1.6 million square feet and are located in California, Illinois and Hawaii. The total purchase price is approximately $86 million. Eighteen properties are located in California, one in Hawaii and five in Illinois. The California and Hawaii properties will be managed by Extra Space Storage and the Illinois properties will be managed by SecurCare Self Storage.