Metro Storage International LLC (MSI) is a wholly-owned subsidiary of Metro Storage LLC, one of the largest privately-held national self storage owner / operators in the United States. Founded in 2012, MSI focuses on identifying and executing attractive, relationship-driven self storage opportunities globally, with a particular focus on emerging markets.
MSI was founded on the premise that self storage – as an asset class – can thrive in most major international markets, especially those countries that demonstrate positive macroeconomic trends such as population growth (especially within urban areas), rising income levels, and growing consumerism of the middle class. Using these themes as a guide, MSI looks to partner with locally-based individuals, institutions or capital sources that not only have a strong commitment to self storage, but also can contribute certain expertise (i.e., land sourcing, development capabilities, capital, etc.) to a self storage joint venture.
MSI is flexible when it comes to finding the right way to enter a new international market and will evaluate all methods of partnership, including:
In 2012, MSI consummated its first international joint venture – the formation of a new self storage operating platform in Brazil branded as MetroFit. Our partner in this joint venture is TRX Realty (www.trxrealty.com.br), one of Brazil’s leading build-to-suit (BTS) and sale-leaseback (SLB) developers that currently manages over Rs. 2 billion of real estate funds focused on the industrial, logistics, retail and commercial sectors within Brazil.
In December 2013, MSI opened the first MetroFit store in Sao Pãulo, Brazil. The newly constructed three story, 75,000 square foot state of the art self storage facility features nearly 500 interior and drive-up self storage units. In addition to Brazil, MSI is actively monitoring other compelling international markets that offer attractive opportunities for self storage expansion.
MSI is headed by Jay Harron (President), who has extensive experience in international commercial real estate. Prior to forming MSI with Metro Storage LLC, Jay headed up new investment activity for Equity International, a private equity firm founded by Sam Zell that focuses on making entity-level investments into real estate operating companies world-wide. While at Equity International, Jay led the underwriting of prospective partners and new investment opportunities in many of the world’s most promising emerging markets, including Brazil, Turkey, China, Russia / Eastern Europe, and South Africa, among others.
For more information about MSI, please contact:
Jay Harron – President