PRESS RELEASE
Company Release – 1/15/2021
Bethesda, MD — Boundary Companies, a private real estate investment firm, announced the acquisition of the Ellis Storage Portfolio, a collection of self-storage assets strategically located in Northern Virginia. The acquisition adds approximately 1,500 storage units and rental parking spaces to Boundary’s self-storage portfolio.
“We are thrilled to add this acquisition to our self-storage portfolio as we continue to have strong conviction for this asset class and its demographic tailwinds,” stated Alex Caffrey, Principal of Boundary Companies. “We believe self-storage will continue to outperform other asset types in the long-run and will produce durable recession-resilient cash flows.”
Boundary has been an active purchaser of self-storage assets recently and is seeking to acquire over $50 million of self-storage properties in the next 18 months through its most recent investment fund.
About Boundary Companies
Boundary Companies, founded in 2014, is a privately held real estate investment firm based in Bethesda, Maryland. Boundary focuses on real estate acquisition and development across a wide variety of asset classes with a goal of meeting the highest needs of its stakeholders. Boundary’s portfolio totals over five million square feet and spans a range of core, value-add, and opportunistic investment profiles. To learn more about Boundary Companies, visit https://boundarycompanies.com/.