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Extra Space Storage (Managed)
Deal Highlights
- Institutional quality product in core market with strong physical lease-up trajectory
- Favorable demand characteristics significantly below industry square foot per capita thresholds
- The Miami MSA is the largest urban economy in Florida and the 12th largest GDP in the U.S.
- The Miami MSA ranks as the country’s 4th most valuable housing market at $864 billion
- City of Miami and Miami-Dade County approved an ordinance that requires a minimum 2500-foot distance between self-storage facilities in any direction, applies to T5-O and T6-O zoning areas
- Miami market is prime for self-storage demand with 68% renter-to-homeowner ratio
- Irreplaceable visibility and market presence in Downtown Miami, I-95 corridor into Downtown/Biscayne Blvd with 210,000 VPD



