Casey Storage Solutions Acquires Two Self-Storage Properties in Connecticut

    NEW HAVEN, CT, December 02, 2014 /24-7PressRelease/ -- PhilMor Real Estate Investments, LLC and Casey Property Management, LLC are pleased to announce the acquisition of two self storage properties located in central Connecticut:

- Cromwell AAA Self Storage located at 10 Hillside Road, Cromwell, CT 06416
- Lock Tight Self Storage located at 785 Sherman Avenue, Hamden, CT 06514

The new stores will operate under the brand name Casey Storage Solutions (http://www.caseystoragesolutions.com). The properties will be managed by Casey Property Management, LLC.

The acquisitions bring Casey Storage Solutions' holdings to eleven self storage properties consisting of over 610,000 square feet and over 4,775 self storage units. Casey Storage Solutions operates self storage properties in Massachusetts, Vermont, Rhode Island and Connecticut.

Morgan Hanlon, co-founder and co-managing member of PhilMor Real Estate Investments, LLC and founder of Casey Property Management, LLC commented "We are very excited to add these Connecticut self storage properties to our portfolio. These additions are very complimentary to our growing New England self storage portfolio, and can help us leverage our multifamily acquisitions in these markets."

Phillip Bakalchuk, co-founder and co-managing member of PhilMor Real Estate Investments, LLC commented "These self storage properties in Cromwell and Hamden are high quality, well maintained properties. These properties will enable us to provide the excellent self storage services that our customers have come to expect from Casey Storage Solutions."

In addition to self storage, for added convenience, Casey Storage Solutions partners with U Haul and their Neighborhood Dealer program to offer U Haul truck and trailer rentals for its customers. Casey Storage Solutions in Hamden and Cromwell now offer its customers a variety of moving equipment and supplies designed specifically for moving household furnishing, including moving vans, open trailers, closed trailers, furniture pads, appliance dollies, tow dollies, and auto transports, which are added conveniences for self storage customers.

Eastern Bank of Boston, Massachusetts provided debt financing for the acquisition of Casey Storage Solutions in Cromwell. PeoplesBank of Holyoke, Massachusetts provided the debt financing for the acquisition of Casey Storage Solutions in Hamden.

PhilMor Real Estate Investments, LLC is a vertically integrated real estate investment company that develops, acquires, owns and operates commercial real estate, primarily in the self storage and multifamily sectors. The company's self storage portfolio is operated under the brand name Casey Storage Solutions and is managed by Casey Property Management. The self storage portfolio consists over 610,000 net rentable square feet and 4,775 self storage units. The multifamily portfolio consists of approximately 362,000 net rentable square feet in 430 apartment units located in the suburban Boston market.

For more information, please contact Morgan Hanlon (ph: 646 649-2586; email: [email protected] or Phillip Bakalchuk (ph: 617 797-6768; email: [email protected]).

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