Nuveen Real Estate Announces $150 Million Allocation from CalSTRS to Invest in Self-Storage Sector
Nuveen Real Estate has secured a $166.6 million investment allocation for self-storage assets across the United States, comprising $150 million from the California State Teachers' Retirement System (CalSTRS) and $16.6 million from the TIAA General Account. The strategy focuses on acquiring and developing self-storage assets in markets with strong demographics and institutional ownership.
MyPlace Self-Storage, led by industry veteran Kurt O'Brien, will serve as the dedicated operating partner. The company has previously partnered with Nuveen since 2022, acquiring over $300 million in assets across more than a dozen states. Nuveen Real Estate, managing $141 billion in real estate assets, has been investing in self-storage since 2003 and currently oversees $2.7 billion in self-storage assets across more than 170 facilities nationwide.
Nuveen Real Estate ha ottenuto un impegno di investimento di 166,6 milioni di dollari per asset di self-storage negli Stati Uniti, di cui 150 milioni provenienti dal California State Teachers' Retirement System (CalSTRS) e 16,6 milioni dal Conto Generale TIAA. La strategia si concentra sull'acquisizione e lo sviluppo di asset di self-storage in mercati con solide caratteristiche demografiche e proprietà istituzionale.
MyPlace Self-Storage, guidata dal veterano del settore Kurt O'Brien, sarà il partner operativo dedicato. L'azienda collabora con Nuveen dal 2022, avendo acquisito oltre 300 milioni di dollari in asset in più di una dozzina di stati. Nuveen Real Estate, che gestisce 141 miliardi di dollari in asset immobiliari, investe nel self-storage dal 2003 e attualmente amministra 2,7 miliardi di dollari in asset di self-storage distribuiti in oltre 170 strutture a livello nazionale.
Nuveen Real Estate ha asegurado una asignación de inversión de 166,6 millones de dólares para activos de self-storage en Estados Unidos, que incluye 150 millones del California State Teachers' Retirement System (CalSTRS) y 16,6 millones de la Cuenta General de TIAA. La estrategia se centra en adquirir y desarrollar activos de self-storage en mercados con fuertes características demográficas y propiedad institucional.
MyPlace Self-Storage, liderada por el veterano de la industria Kurt O'Brien, será el socio operativo dedicado. La empresa ha colaborado con Nuveen desde 2022, adquiriendo más de 300 millones de dólares en activos en más de una docena de estados. Nuveen Real Estate, que gestiona 141 mil millones de dólares en activos inmobiliarios, invierte en self-storage desde 2003 y actualmente administra 2,7 mil millones de dólares en activos de self-storage en más de 170 instalaciones a nivel nacional.
누빈 리얼 에스테이트(Nuveen Real Estate)는 미국 전역의 셀프 스토리지 자산에 대해 1억 6,660만 달러의 투자 배분을 확보했으며, 이 중 1억 5,000만 달러는 캘리포니아 주 교사 연금 시스템(CalSTRS)에서, 1,660만 달러는 TIAA 일반 계정에서 나왔습니다. 이 전략은 인구 통계가 강하고 기관 소유가 활발한 시장에서 셀프 스토리지 자산을 인수 및 개발하는 데 중점을 둡니다.
마이플레이스 셀프 스토리지(MyPlace Self-Storage)는 업계 베테랑 커트 오브라이언(Kurt O'Brien)이 이끄는 전담 운영 파트너로 활동할 예정입니다. 이 회사는 2022년부터 누빈과 파트너십을 맺어 12개 이상의 주에서 3억 달러 이상의 자산을 인수했습니다. 누빈 리얼 에스테이트는 1,410억 달러 규모의 부동산 자산을 관리하며 2003년부터 셀프 스토리지에 투자해왔고, 현재 전국 170개 이상의 시설에서 27억 달러 규모의 셀프 스토리지 자산을 운영하고 있습니다.
Nuveen Real Estate a obtenu une allocation d'investissement de 166,6 millions de dollars pour des actifs de self-stockage à travers les États-Unis, comprenant 150 millions de dollars du California State Teachers' Retirement System (CalSTRS) et 16,6 millions de dollars du compte général de TIAA. La stratégie vise l'acquisition et le développement d'actifs de self-stockage dans des marchés présentant une forte démographie et une propriété institutionnelle.
MyPlace Self-Storage, dirigée par le vétéran de l'industrie Kurt O'Brien, sera le partenaire opérationnel dédié. La société collabore avec Nuveen depuis 2022, ayant acquis plus de 300 millions de dollars d'actifs dans plus d'une douzaine d'États. Nuveen Real Estate, qui gère 141 milliards de dollars d'actifs immobiliers, investit dans le self-stockage depuis 2003 et supervise actuellement 2,7 milliards de dollars d'actifs de self-stockage répartis dans plus de 170 installations à l'échelle nationale.
Nuveen Real Estate hat eine Investitionszuteilung von 166,6 Millionen US-Dollar für Self-Storage-Anlagen in den Vereinigten Staaten gesichert, davon 150 Millionen US-Dollar vom California State Teachers' Retirement System (CalSTRS) und 16,6 Millionen US-Dollar vom TIAA General Account. Die Strategie konzentriert sich auf den Erwerb und die Entwicklung von Self-Storage-Anlagen in Märkten mit starken demografischen Merkmalen und institutionellem Eigentum.
MyPlace Self-Storage, unter der Leitung des Branchenveteranen Kurt O'Brien, wird als dedizierter operativer Partner fungieren. Das Unternehmen arbeitet seit 2022 mit Nuveen zusammen und hat in mehr als einem Dutzend Bundesstaaten Vermögenswerte im Wert von über 300 Millionen US-Dollar erworben. Nuveen Real Estate, das 141 Milliarden US-Dollar an Immobilienvermögen verwaltet, investiert seit 2003 in Self-Storage und betreut derzeit Self-Storage-Anlagen im Wert von 2,7 Milliarden US-Dollar in über 170 Einrichtungen landesweit.
- Secured significant new capital commitment of $166.6 million for self-storage investments
- Strong existing portfolio with $2.7 billion in self-storage assets under management
- Successful track record since 2022 with $300 million in acquisitions across dozen states
- Partnership with experienced operator having $7 billion in total transactions history
- None.
MyPlace Self-Storage To Serve as Dedicated Operating Partner
The strategy will focus on acquiring and developing self-storage assets across the risk spectrum in
MyPlace Self-Storage, a vertically integrated self-storage company will serve as the dedicated operating partner and property manager for the account. MyPlace was founded by Kurt O'Brien, a veteran of the industry with over 30 years of self-storage experience and a track record that includes developing two of the largest self-storage platforms in the
"We are excited to start and scale this new venture with CalSTRS," said Melissa Reagen, Portfolio Manager, Nuveen Real Estate. "Self-storage has proven to be a resilient asset class with strong fundamentals. Typically driven by life cycle events—such as getting married, moving homes, and having children—demand is consistent through economic cycles. With our strategic focus on undersupplied markets, our collaboration with CalSTRS and MyPlace is well-positioned to deliver strong performance while expanding our footprint in this space."
"This investment highlights the continued long-term growth potential of the self-storage sector," said Kurt O'Brien, Founder of MyPlace Self-Storage. "Combining our operational expertise with Nuveen's investment approach allows us to deliver significant value for our investors like CalSTRS."
"Since we began our partnership with MyPlace in 2022, together we have acquired over
Nuveen Real Estate has been investing in self-storage since 2003 and currently manages
Media Contact
Andrew Chironna | Andrew.Chironna@nuveen.com | 212.913.1015
About Nuveen
Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Nuveen has
To learn more about self-storage property management services please visit www.myplaceselfstorage.com
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