MIAMI, June 4, 2015 /PRNewswire/ — Trico Investments is pleased to announce the purchase of Midway Self Storage in Miami, Florida. The subject property is a fully enclosed two-story building comprising of all climate-controlled units. It is located at 8105 NW 2^nd Street, in an urban market that consists of predominantly high density multi-family residential and retail centers. The facility will be rebranded to Trico’s flagship Lighthouse Self Storage and managed by Trico’s affiliate management company Progressive Realty Partners.

The facility represented a compelling opportunity for the buyer, with an incredible upside potential. “We are very excited to grow our footprint in the southeast Florida market, provide great customer service and establish relationships with our new customers,” said Mike Rolfes, CEO of Trico Investments.

Trico Investments, headquartered in Irvine, CA is a real estate fund manager specializing in the acquisition and redevelopment of self-storage properties. The firm is vertically-integrated, with in-house property management, design, and construction services supporting Trico’s investing activity and 3rd party customers. Trico and its affiliates have designed, developed or owned nearly 100 self storage facilities and manage more than 20,000 thousand units in CA and FL.

For more information and future investment opportunities visit www.Tricoinvestments.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/trico-investments-announces-purchase-of-midway-self-storage-300094324.html

SOURCE Trico Investments