Heitman Launches $475M Core Plus Self-Storage Strategy
Heitman has launched a new Core Plus strategy focused on U.S. self-storage assets, securing $275 million in commitments alongside an additional $200 million in co-investment capital.
The Chicago-based firm said the strategy will target stabilized, lease-up and selective development opportunities designed to generate long-term growth and durable cash flow through a diversified self-storage portfolio.
As part of the launch, Heitman completed the acquisition of a seed portfolio consisting of 79 self-storage assets across 16 states totaling approximately 4.9 million rentable square feet. The portfolio also includes expansion opportunities totaling roughly 550,000 square feet.
The company said operational enhancements and embedded expansion potential are expected to support additional revenue growth across the portfolio over time.
“We believe today represents an attractive entry point,” said Jen Boss. “Assets can be acquired well below replacement cost, new supply is declining, and market rents remain well below levels required to incentivize new construction.”
Heitman has invested in self-storage properties since 1996 and has deployed more than $15 billion across 1,600 self-storage properties in 14 countries globally. The firm oversees approximately $47 billion in assets as of March 31, 2026.
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