The transaction adds 12 self-storage facilities, bringing the combined trust's portfolio to 37 properties across ten US states and three Canadian provinces.
The firm is developing products for retirement and mass affluent investors as wealth AUM soars 41% YoY to $82 billion.
The firm reported a 14% QoQ increase in private wealth inflows, supported by growth across its evergreen funds and easing redemption pressure in its credit and real estate vehicles.
Real estate investment firm Brixton Capital contributed the property through a tax-deferred 721 exchange in return for partnership units.
We outline the investment strategy, performance, and other details of Cohen & Steers' non-listed, perpetual-life real estate investment trust.
The deal marks the trust's fourth acquisition with Sterling Organization in 2026 and brings its portfolio to 13 properties.
