APPALOOSA REAL ESTATE PARTNERS receives site plan approval from city of charlotte on ridge road self storage development

Charlotte, North Carolina (July 2022) –

Appaloosa Real Estate Partners has received site plan approval from the city of Charlotte for its anticipated 113,500 gross square foot climate control self-storage development. Groundbreaking is expected to occur in September 2022. The development will be a 3-story Class A project at the intersection of Ridge Road and Beard Road in Charlotte and is anticipated to be completed in Q4 2023. Appaloosa successfully rezoned the property in Q1 2022.

“The Highland Creek submarket continues to experience rapid residential growth. We are looking forward to serving the surrounding residents’ self storage needs,” said Josh Wilkes, Partner.

 

ABOUT APPALOOSA REAL ESTATE PARTNERS

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

APPALOOSA REAL ESTATE PARTNERS receives unanimous approval from buncombe county board of adjustments on new development

Charlotte, North Carolina (July 2022) –

Appaloosa Real Estate Partners has received unanimous approval from the Buncombe County Board of Adjustments for a new self-storage development in Fairview, NC. The project will consist of 72,150 gross square feet of climate and non-climate control self storage. Fairview is located in the Asheville, NC MSA and is approximately 15 minutes from downtown Asheville. The property is located directly adjacent to an existing Food Lion-anchored shopping center.

“We are excited about expanding our presence in the Asheville, NC market,” said Josh Wilkes, Partner. “We look forward to being a part of the Fairview community.”

 

ABOUT APPALOOSA REAL ESTATE PARTNERS

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

APPALOOSA REAL ESTATE PARTNERS completes expansion of Hayesville self storage

Charlotte, North Carolina (June 2022) –

Appaloosa Real Estate Partners has completed its expansion of Hayesville Self Storage in Hayesville, NC. Appaloosa delivered 6 new buildings to the property through a two-phase expansion. In total, 160 new units were added bringing the total facility size to approximately 30,000 net rentable square feet.

“We are excited about being part of the Hayesville community and our company’s continued growth in western North Carolina” said Brian Miller, Partner.

 

ABOUT APPALOOSA REAL ESTATE PARTNERS

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

APPALOOSA REAL ESTATE PARTNERS successfully rezones 8 acres in Charlotte, NC for anticipated townhome development

Charlotte, North Carolina (May 2022) –

Appaloosa Real Estate Partners has successfully rezoned approximately 8 acres in Charlotte, NC for a proposed 48-unit townhome development. The property is located on Galloway Road in the Mallard Creek submarket. It is in close proximity to Interstate 85, abundant retail including Trader Joes, Starbucks and Harris Teeter and University Research Park, home to major employers including UNC Charlotte, Wells Fargo, Allstate, Atrium Health and many more.

“We are excited about another project in our home market of Charlotte. The Mallard Creek submarket is experiencing rapid growth as multiple major employers expand their operations in the area,” said Brian Miller, Partner.

 

ABOUT APPALOOSA REAL ESTATE PARTNERS

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

Appaloosa Real Estate Partners Delivers Phase 1 Of Blairsville, Ga Self-storage Development

Charlotte, North Carolina (March 2022) – Appaloosa Real Estate Partners has delivered the first phase of Summit Mini Storage, a new self-storage development located on Blue Ridge Highway in Blairsville, GA. Phase 1 consists of approximately 15,000 square feet of enclosed storage. Phase 2 is anticipated to commence in the third quarter of 2022. At completion, the facility is anticipated to total 60,000+ square feet in total size. The new development expands Appaloosa’s existing presence in Georgia

About Appaloosa Real Estate Partners

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

APPALOOSA REAL ESTATE PARTNERS ACQUIRES BLUE RIDGE STORAGE CENTER

Charlotte, North Carolina (September 2021) – Appaloosa Real Estate Partners has acquired Blue Ridge Storage Center located at 15 Fallen Spruce Drive in Asheville, NC. The self-storage facility is situated on 2.1 acres of land and is comprised of 134 self-storage units and 10 parking spaces.

“Asheville is experiencing significant demographic tailwinds and we are excited to enter the market. We view Asheville as a natural extension of our existing Western Carolina and Charlotte, NC operations. We look forward to continuing to grow our presence in the market, said Brian Miller, Partner.” The property is located a short drive from downtown Asheville.

Blue Ridge Storage Center was built in 2004 and is currently 93% occupied.  

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 Southeast. 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.

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.

APPALOOSA REAL ESTATE PARTNERS SELLS GLENN STORAGE CENTER

Charlotte, North Carolina (March 2021) – Appaloosa Real Estate Partners successfully negotiated the sale of Glenn Storage Center for $1,875,000. The property is located at 124 Patrick Road in Gastonia, NC.

“It was a pleasure to work with the buyer on this recent transaction, said Brian Miller, Partner.” ‘This storage facility is a great property in a prime location.”

Appaloosa acquired Glenn Storage Center in 2019 and executed a performance improvement value add and expansion strategy on the property. “We are excited about the returns we were able to deliver, said Mr. Miller. We look forward to further opportunities in Gaston County.”

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.St. 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.

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.

APPALOOSA REAL ESTATE PARTNERS ACQUIRES 5.3 ACRES OF LAND IN BLAIRSVILLE, GA

Charlotte, North Carolina (August 2020) – Appaloosa Real Estate Partners has acquired 5.3 acres of land located at 3502 Blue Ridge Highway in Blairsville, GA. Appaloosa plans to construct a new self storage facility on the property comprised of up to 50,000 square feet of climate and non climate control storage units. “We are excited to expand our presence in the Blairsville market. We value the opportunity to be a part of this growing community and to provide further storage services,” said Brian Miller, Partner at Appaloosa.

Appaloosa currently owns Ridge Mini Storage in Blairsville which was acquired in 2018. Construction of the new facility is slated to commence in late 2021.

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.