Buchanan Street Partners Launches Self Storage Investment Platform

Newport Beach, CA (October 13, 2020) –– Buchanan Street Partners, a nationally-recognized real estate investment management firm, has announced the launch of a self-storage investment platform. This new growth initiative will be led by Feerooz Yacoobi, who joins Buchanan Street as vice president. Under this new platform, Buchanan Street plans to deploy $350 to $500 million over the next five years in both self-storage acquisition and development in major markets throughout the western United States.

“Self-storage has historically provided strong yields relative to other real estate. Now it continues to prove its resiliency as an asset class even during these turbulent economic times. We’re excited to add this alternative investment offering to Buchanan Street’s investors especially as the demand for self-storage increases from a consumer standpoint,” said Feerooz. According to Feerooz, the firm’s focus will be on value-add and core-plus opportunities in the western U.S. trade areas that are experiencing strong population growth.

“Self-storage’s low correlation to the broader economy makes it an attractive diversifier for Buchanan Street’s investment activities in the office and multifamily sectors.  Similar to what we have done with other asset classes, we intend to build a significant, long-term portfolio of self-storage assets,” said Buchanan Street’s CEO and President Tim Ballard.

Prior to joining Buchanan Street, Feerooz served as vice president of real estate with the William Warren Group / StorQuest Self Storage, one of the largest private owner operators of self-storage properties in the country. In this capacity, he was responsible for the acquisition and development of self-storage properties on behalf of both institutional and private investors. Feerooz holds a bachelor’s degree in real estate finance from University of Pennsylvania Wharton School of Business.

About Buchanan Street Partners

Buchanan Street Partners is a real estate investment firm based in Newport Beach, California that focuses on value-investing in both commercial and multifamily direct ownership and in making debt investments. The company is comprised of a highly skilled team that has invested through multiple real estate cycles enabling them to identify opportunities and maximize value while prioritizing capital preservation. www.buchananstreet.com.

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