CubeSmart and CBRE Investment Management Announce Formation of Strategic Joint Venture
MALVERN, Pa., Feb. 03, 2026 (GLOBE NEWSWIRE) -- CubeSmart (NYSE:CUBE) and CBRE Investment Management today announced the acquisition of a self-storage location in Phoenix, AZ as the initial property in a $250 million self-storage venture. The newly formed venture will invest in core, core-plus, and value-add opportunities in high growth markets across the United States. CubeSmart will manage the stores on behalf of the venture, enhancing property value through its industry-leading operating platform. "We are excited to work with CBRE IM, a leading institutional investor, and begin a relationship centered on long-term value creation," said Christoper P. Marr, President and Chief Executive
