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.
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. MetroFit currently operates three locations and three more are under developement.
In 2017, MSI became an owner of Mr. Bodeguitas, the largest self storage operator in Central America. Mr. Bodeguitas was established in 1999 and currently operates ten locations in Guatemala, El Salvador and Cost Rica with plans to develop three new stores annually.