Jan. 6, 2022 – Bargain Storage, a division of Business Property Trust, completed the sale of eight properties in Q3 2021 in execution of parent company Business Property Trust’s three-year strategic plan. The company is now focused on growing its Carefree Covered RV Storage division, which exclusively focuses on covered recreational vehicle parking.
Business Property Trust had an active fourth quarter, with two properties under construction and the addition of two land acquisitions to the portfolio, including an 11-acre parcel in Wylie, Texas, and 14 acres in Surprise, Arizona. Construction on the two new sites will begin in 2022. The company is in the process of acquiring three additional properties, which would bring the portfolio size to nine and over 2 million square feet in rentable square footage.
Renovations and planned developments under the Carefree brand feature high-quality covered parking, wash bays, an RV dump station, state-of-the-art security and a customer welcome center.
“We are excited about the rapid growth of our Carefree brand,” said Barry Raber, BPT’s president and chief executive officer. “We have a winning formula and are ecstatic to be a leader in this property type and to make a name for ourselves in the covered RV market.”
The division expects to grow its brand with future acquisitions strategically targeted in the Phoenix, Arizona, and Dallas, Texas, metropolitan areas and is seeking additional all-RV Storage properties or land for development. Contact Raber directly for more information or to suggest business opportunities.
Business Property Trust, LLC, is a niche real estate investment firm located in Portland, Oregon. The company, founded in 1999, purchases and operates self-storage through its Bargain Storage brand and covered recreational vehicle parking through Carefree Covered RV Storage.