SELF STORAGE BROKERS OF AMERICA REPRESENTS

OB COMPANIES/SIMPLY SELF STORAGE IN $64 MILLION ACQUISITION

ORLANDO, Fla. – OB Companies/Simply Self Storage, a diversified real estate developer of self storage businesses, announced that it has acquired a four-property self storage portfolio in Puerto Rico for $64 million. 

The portfolio consists of approximately 333,183 rentable square feet and 3,576 units.  It is the largest self storage property portfolio in Puerto Rico. Jim Pitoukkas, Vice President of Self Storage Brokers of America, represented the buyer through the purchase. 

“We have been successful in the United States with the development and acquisition of multiple self storage properties,” said Kurt O’Brien, CEO of OB Companies.  “This purchase is a natural progression within our business model.” 

OB Companies/Simply Self Storage, based in Orlando, FL., has offices and businesses in Indiana, Illinois, Michigan, Missouri, New Jersey, Pennsylvania, Kansas, Kentucky, Ohio, Georgia, Puerto Rico, and Florida.  They own and manage just under 4 million square foot of space at 69 facilities.  A diversified corporation, OB Companies/Simply Self Storage operates profitably in self storage, commercial real estate, retail and office construction. 

Self Storage Brokers of America is a full service commercial brokerage which has exclusively served buyers and sellers of self storage for over a decade.  For more information, contact: Jim Pitoukkas at 317-577-0922 or via email at jpitoukkas@ssbainc.com.