The deal raises cash for Blackstone amid high redemption demand from its nontraded REIT investors.
The seven-story project could include climate controls to store sensitive cinema film and images.
The facilities in Garland and Frisco will add to the company's growing self-storage portfolio in DFW.
Development of the property type is losing steam amid softening demand and higher interest rates.
The bloom is now off the rose for self-storage, compared with the pandemic boom.
The leases brings Stuf's footprint to five locations in New York City and almost 30 nationwide.
SmartStop Self Storage began trading on the New York Stock Exchange Wednesday under the ticker SMA.
QuadReal, TPG and Aermont are among the bidders for Access Self Storage, valued at £1B.
Spartan Investment Group closed 2024 with $175M in acquisitions, $100M in capital raised and plans for self-storage growth.
Self-storage is gaining steam with Hines, which has tried to diversify its holdings in recent months.
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