BPG Affiliate: Storage Solutions
Storage Solutions© is the self storage affiliate of Barker Pacific Group, specializing in self storage acquisition, development, and operations management. Whether you are storing heirlooms, office furniture, or the futon that won't fit the spare room, Storage Solutions has self storage facilities designed to accommodate your needs.
Storage Solutions began as a division of BPG affiliate Union Development Co. (UDC), after UDC was acquired in 2005 by an entity controlled by Barker Pacific Group and Angelo Gordon & Company, a major New York-based investment manager. BPG served as the managing partner, managing the company through 2011.
At the end of 2011, 21 Storage Solutions assets were sold to Extra Space Storage Inc., a public self storage REIT. These facilities comprised 12,500+ units and 1.5 million rentable square feet of self storage and RV parking, and served 10,000+ customers in Southern California markets including Los Angeles, Orange, Riverside, San Bernardino, and Santa Barbara counties. In 2011, Storage Solutions ranked 59th nationally by Inside Self Storage in their annual Top Operator list.
During the period from 2005 through 2011, BPG was successful in substantially reducing overhead while increasing revenues and net operating income. Numerous non-strategic assets were sold by BPG and proceeds were used to increase the successful self storage assets portfolio.
Under BPG's direction, the self storage assets were more than doubled before the sale to Extra Space Storage Inc. After the sale, the entity was dissolved and the gains were distributed to the stakeholds.
BPG continues in the self storage business, operating under the Storage Solutions banner. Storage Solutions is aggressively pursuing new locations to grow the portfolio. BPG acquires its self storage properties in a joint venture with Artemis Real Estate Investors.
Learn more at StorageSolutionsCA.com