Apr 25, 2012
OTC Disclosure & News Service
Los Angeles, CA –
Los Angeles, April 25, 2012 — Today LAACO, Ltd. announced the acquisition of a self-storage facility in the greater Houston, Texas area. The storage facility is well-situated sixteen miles northeast of downtown Houston on Sam Houston Parkway, a major highway. The facility consists of approximately 86,000 square feet of rentable building space on 4 acres of land, including outdoor recreational vehicle/boat storage, and will be re-branded under the Partnership’s trade name of Storage West.
Karen L. Hathaway, LAACO’s Managing Partner said, “This acquisition represents a unique opportunity to acquire a well located property in a leading market area in Texas. It complements our existing portfolio, and it sets the stage to grow our fifth Storage West region.”
LAACO, Ltd. is a California limited partnership. The Partnership acquires, develops, builds and manages Storage West Self-Storage facilities in the western United States. Its self-storage portfolio consists of 46 properties located in Southern California, Metropolitan Phoenix, Las Vegas and now Houston.
Wholly owned subsidiaries of the Partnership own and operate The Los Angeles Athletic Club and California Yacht Club.