By STAN BULLARD
8:49 am, April 25, 2013
Compass Self Storage LLC, a member of the Cleveland-based Amsdell family of companies, has purchased a self-storage property in Conyers, Ga., that brings its portfolio to four miniwarehouses in the Atlanta market.
The property has more than 87,000 square feet of rental space. It joins a three-property portfolio in Atlanta that Compass acquired in January.
Amsdell did not disclose the seller or price paid for the latest acquisition, but it said the new property and the others in Atlanta are operated under its Compass brand name. Amsdell said the latest property was acquired by separate affiliates of Amsdell Group LLC and Compass Self Storage LLC.
The latest Georgia deal and a Memphis, Tenn., property that Amsdell acquired earlier this month bring to 20 the number of properties that Amsdell has acquired since March 2012.