The Jenkins Organization has acquired 7 self storage properties- 5 in Houston and 2 in Minneapolis, totaling over 640,000 square feet and at a cost of $44 million.
Houston, Texas (PRWEB) March 24, 2016
The Jenkins Organization has acquired 7 self storage properties, 5 in Houston and 2 in Minneapolis. The properties total over 640,000 square feet and were purchased at a cost of $44 million. Ricky Jenkins, President of The Jenkins Organization, states “All 7 properties are well located, in high growth areas with excellent demographics. Houston continues to be a good market for us, despite the energy downturn. Same store sales are up over the same period last year.”
“We have been very active acquiring properties in Texas over the past 5 years,” said Minh Tran, Director of Acquisitions for The Jenkins Organization. “Moving forward we will be very aggressive expanding our footprint outside of the state.” Tran listed the specific locations:
About The Jenkins Organization, Inc.
Formed in 1989, The Jenkins Organization, Inc. is a Houston based self-storage owner, developer and management company operating 45 properties throughout Texas, Louisiana, Virginia and Minnesota comprising over 3.5 million square feet and over 20,000 customers. The Jenkins Organization, Inc. has been principal in over $350 million in self storage transactions, and recently received national recognition by Mini-Storage Messenger magazine with a ranking of 16th on their Top Operators list, while ranking 25th on Inside Self storage magazine’s Top Operators List.
RICKY JENKINS, President
The Jenkins Organization, Inc.