Store Space Self Storage and Temerity Strategic Partners Form $1.2 Billion Programmatic Self-Storage Joint Venture
Store Space Self Storage and Temerity Strategic Partners announced August 4, 2026, the formation of a programmatic co-general partner partnership targeting approximately $1.2 billion in self-storage acquisitions and developments across the United States.
The venture pairs Store Space, a Florida-based vertically integrated self-storage investment, development, and operating platform, with Temerity Strategic Partners, a Chicago-based real estate private equity firm. Capital for the partnership is being deployed through Temerity Strategic Partners II, LP, the firm's second flagship investment vehicle.
Partnership Structure and Investment Strategy
The partnership is structured as a programmatic co-GP arrangement, with Temerity Strategic Partners serving as a strategic capital partner alongside Store Space's existing institutional relationships. The venture will target institutional-quality self-storage assets in markets selected for their alignment with Store Space's vertically integrated operating platform, proprietary technology, and revenue management capabilities.
The firms identified elevated new supply, lease-up dynamics, and fragmented ownership as the primary market conditions motivating the partnership. The venture is designed to deploy capital in a disciplined manner as those conditions create acquisition and development opportunities across the sector.
"Store Space has always been focused on building a scalable, institutional-quality platform, and we believe TSP is the right partner for our next phase of growth," said Chris Harris, Co-Founder and Chief Executive Officer of Store Space. "The proprietary technology and AI-driven revenue and marketing tools we've deployed over the past year are producing move-in velocity, street-rate, and occupancy gains well ahead of the broader market. TSP's programmatic investment approach and long-term perspective align closely with our strategy, and allow us to capitalize on opportunities driven by the sector recovery."
"This partnership positions Store Space to move decisively as opportunities emerge across the self-storage sector," said Rob Consalvo, Co-Founder, President and Chief Operating Officer of Store Space. "TSP worked closely with us to establish a long-term capital framework that supports our acquisition and development pipeline, and their experience building institutional operating platforms makes them an ideal fit for Store Space."
About Store Space Self Storage
Store Space was founded by the team that previously built and sold iStorage. The company is headquartered in Winter Garden, Florida, and has grown to more than 90 assets under management, including 81 owned properties comprising more than 6.9 million square feet across more than 20 states. The platform integrates investment, development, asset management, property management, and technology functions, and has established relationships with a range of institutional capital partners.
Store Space reported that its AI-driven revenue and marketing tools have generated move-in velocity, street-rate, and occupancy gains ahead of the broader market.
About Temerity Strategic Partners
Temerity Strategic Partners is headquartered in Chicago with offices in New York. The firm focuses on providing programmatic co-GP capital to real estate operating, development, and asset management companies. It was founded by Bruce Cohen and Jeffrey Citrin, both of whom commented on the Store Space transaction.
"We believe today's self-storage market presents an attractive opportunity for experienced operators," said Josh Livingstone, Managing Director at Temerity Strategic Partners. "Store Space's operating model, technology platform, and disciplined approach to revenue management align well with our investment philosophy, and we're excited to support the team's continued growth."
"We're particularly attracted to platforms that have invested in the operating capabilities needed to create value across market cycles," said Bruce Cohen, Co-Founder and Chief Executive Officer of Temerity Strategic Partners. "Store Space's long-term approach to building its business made this a natural fit for our investment strategy."
"Store Space has demonstrated an ability to build and scale an institutional real estate business while maintaining a clear strategic vision," said Jeff Citrin, Co-Founder and Executive Chairman of Temerity Strategic Partners. "We're excited to partner with Chris, Rob, and the entire team as they continue to grow the platform."
Market Context and Outlook
The Store Space partnership is part of Temerity Strategic Partners' broader strategy of forming programmatic capital relationships with specialized real estate operating platforms in sectors supported by long-term demand fundamentals.
The self-storage sector has faced pressure from elevated new supply deliveries in recent years, creating lease-up challenges and pricing headwinds for operators. The partnership's stated thesis is that those conditions are generating acquisition and development opportunities for well-capitalized operators with the technology and revenue management capabilities to outperform in a competitive environment.
No specific property addresses, transaction prices, cap rates, or loan details were disclosed as part of the announcement. The $1.2 billion figure represents a forward capital commitment rather than a closed transaction.
Sources
Temerity Strategic Partners — Official Announcement, August 4, 2026