CubeSmart is handing majority ownership of 15 of its self-storage properties to Heitman, seeding a new joint venture valued at $197 million and freeing up cash the real estate investment trust plans to pour straight into buying back its own stock.
CubeSmart taps Heitman venture to unlock cash, fund stock buybacks
Self-storage REIT contributes 15 properties to joint venture while retaining minority stake
CoStar News
August 3, 2026 | 10:58 P.M.
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IN THIS ARTICLE
- Contacts
- Timothy Martin
Chief Financial Officer, CubeSmart