APPALOOSA REAL ESTATE PARTNERS ACQUIRES HAYESVILLE SELF STORAGE

Charlotte, North Carolina (December 2020) – Appaloosa Real Estate Partners has acquired Hayesville Self Storage located at 414 Old Highway 64 West in Hayesville, NC. The self-storage facility is situated on 3.3 acres of land and is comprised of 71 self-storage units, 25 outdoor parking spaces and 17 covered RV and boat parking spaces.

“Hayesville is experiencing significant growth and we are excited about the acquisition of Hayesville Self Storage. We have been a part of both the western North Carolina and north Georgia communities for a number of years and are pleased to be able to expand our operations there, said Brian Miller, Partner.” The property is located in close proximity to downtown Hayesville and offers easy access to Lake Chatuge.

Hayesville Self Storage was built in 2001 and is currently 85% occupied. Appaloosa plans to expand the property by constructing additional storage units.

About Appaloosa Real Estate Partners

Appaloosa Real Estate Partners, based in Charlotte, NC, is a vertically integrated commercial real estate investment firm that specializes in the development, acquisition and management of self storage properties throughout the Southeastern U.S. AREP’s mission is to deliver exceptional value for customers in the communities within which it operates while generating superior risk-adjusted returns for its investors. Appaloosa’s principals have $40 billion in executed commercial real estate and corporate transaction experience. Investments are capitalized through partnerships with accredited investors. Learn more at www.appaloosarep.com.