APPALOOSA REAL ESTATE PARTNERS ACQUIRES LAKE LIFE STORAGE

Charlotte, North Carolina (April 2021) – Appaloosa Real Estate Partners has acquired Lake Life Storage located at 2836 Hagers Court in Denver, NC. The self-storage facility is situated on 7.8 acres of land and is comprised of 118 self-storage units and 39 outdoor parking spaces. The facility totals 24,000 square feet of climate and non climate control units.

“Denver is experiencing rapid growth as a part of the greater Charlotte, NC market. We are excited to build our presence in the Lake Norman area, said Kurt Mielec of Appaloosa.”

Lake Life was built in 2017 and is currently 90% 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.