Intercontinental Real Estate Corporation Expands into Self Storage with $27 Million Acquisition
September 5, 2025 - 04:29
BOSTON – Intercontinental Real Estate Corporation, in collaboration with LaTerra Development, has successfully acquired EZ Access Self Storage, a 784-unit facility located in Santa Clarita, California, for a substantial $27 million. This strategic investment marks the company's entry into the self-storage sector, which has been experiencing steady growth due to increasing demand for storage solutions.
The acquisition reflects a growing trend among real estate investors who are diversifying their portfolios to include self-storage properties. These facilities have proven to be resilient during economic fluctuations, providing a stable income stream. The Santa Clarita location is particularly appealing, given its proximity to residential areas and the increasing population in the region.
As the demand for storage space continues to rise, Intercontinental Real Estate Corporation aims to leverage its expertise in real estate management to enhance the value of the newly acquired facility. This move signals the company's commitment to expanding its footprint in the self-storage market and capitalizing on emerging opportunities in the real estate landscape.
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