Abacus opens the door to $3b self-storage REIT
Nick LenaghanProperty editor
Real estate investors will get a fresh chance to invest into the booming self-storage market, through a plan by property fund manager Abacus Property Group to spin out its Storage King facilities into a $3 billion listed property trust.
The de-stapling move, as it is known, could also help release inherent value in the $2.5 billion Abacus’ own stock, which with other listed property trusts has been trading at a heavy discount to its asset values, as it battles the impact of surging interest rates.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Commercial
Fetching latest articles