- Imperial Sugarland Storage is a 94,220 square foot facility in Sugarland, Texas, outside the city of Houston.
- The property is purpose-built next-generation product in a high-growth, high-barrier to entry master-planned submarket.
- The U.S. self-storage sector has been a desirable property type over the last decade due to its low capital expenditures profile, low operational intensity, and low obsolescence risk. Given the inherent noncyclical demand drivers, this property type is considered a defensive property type and has ultimately outperformed traditional sectors throughout multiple real estate cycles.
- Self-storage has proven to be one of the best performing sectors over the past several decades. Consequently, this has created a lot of enthusiasm for Nuveen to identify new partners and expand our storage pipeline.