CubeSmart and CBRE Investment Management announced a joint venture that will invest $250 million in core, core‑plus and value‑add self‑storage assets across high‑growth U.S. markets. The first property in the portfolio is a Phoenix, Arizona, facility that will be operated by CubeSmart under its industry‑leading platform.
CubeSmart, one of the top three owners and operators of self‑storage properties in the United States, will bring its operational expertise to the partnership. The company’s recent Q3 2025 results showed revenue growth of 5.2 % year‑over‑year, but net income fell 17.7 % due to higher operating expenses. The joint venture allows CubeSmart to expand its footprint while leveraging CBRE’s capital‑raising capabilities.
For CBRE Investment Management, the deal marks a strategic expansion into the self‑storage sector, a market the firm has described as “recession‑resilient” and “rapidly growing.” The partnership follows CBRE’s 2023 acquisition of a 14‑asset self‑storage portfolio in Southern California and Utah, and aligns with the firm’s $149 billion‑plus assets under management. Julie Ingersoll, CIO of Americas Direct Real Estate Strategies, said the firm has “high conviction in the sector” and sees the joint venture as a way to generate recurring revenue.
The self‑storage market continues to attract investment, with CubeSmart’s same‑store revenue declining only 1 % in Q3 2025, indicating stable demand. CBRE Group’s Q3 2025 earnings beat analysts’ expectations, with EPS of $1.61 versus an estimate of $1.46, driven by a 12.3 % revenue increase to $8.91 billion. The joint venture’s $250 million commitment signals confidence in the sector’s resilience and the potential for value creation through operational improvements and geographic expansion.
Christopher P. Marr, CubeSmart’s CEO, emphasized that the partnership “will accelerate our growth trajectory by combining our disciplined capital deployment with CBRE’s investment expertise.” The joint venture is expected to create an asset‑heavy portfolio that can be scaled across high‑growth markets, positioning both companies to capture long‑term value in a sector that has proven resilient during economic cycles.
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.