World Class Capital snags big Houston self-storage porfolio

Feb 24, 2014
Austin Business Journal

World Class Capital Group LLC continues to build its self-storage portfolio with the acquisition of more than 1,600 units in six properties in Houston. The purchase price was not disclosed

The seller was MMD Group, which operated the units as Magi Self Storage. World Class Capital will rebrand the units as Great Value Storage

The Austin real estate investment and development company will begin renovations on the 270,000 square feet immediately

World Class Capital now operates 45 self storage properties accounting for 25,000 units in several states

Though self storage investment is a big part of its real estate platform, World Class Capital has built its local reputation by purchasing some highly visible parcels in downtown Austin. The company’s president and CEO is Nate Paul, who was named by Austin Business Journal as one of the most compelling people to watch in the Austin business community this year

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