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CubeSmart Agrees to $1.7 Billion Self-Storage Expansion in Southwest

Philadelphia REIT Plans To Sell Los Angeles Athletic Club Included in Deal
The Los Angeles Athletic Club doesn’t figure into CubeSmart’s long-range plans. (Zach Lipp/CoStar)
The Los Angeles Athletic Club doesn’t figure into CubeSmart’s long-range plans. (Zach Lipp/CoStar)
CoStar News
November 16, 2021 | 9:15 P.M.

Self-storage real estate investment trust CubeSmart is buying a billion-dollar portfolio of units from Storage West, a deal that comes with some high-end unwanted property: an upscale hotel and athletic club, a yacht club and land in Las Vegas.

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News | CubeSmart Agrees to $1.7 Billion Self-Storage Expansion in Southwest