October 13, 2020
Torys represented GIC with a team that included Jared Fontaine, Michael Horwitz, Steven Rotchtin and Kevin Chan (corporate/M&A), Alex Tanenbaum (real estate) and Scott Semer (tax).
On October 13, 2020, StorageMart announced that GIC, along with Cascade Investment, L.L.C. and other investors joined majority owner E. Stanley Kroenke and the Burnam Family as partners in the business, in a transaction that values StorageMart at an enterprise value of approximately US$2.7 billion.
Together, StorageMart's partners are committed to helping the company achieve strategic scale and expand operations.
Further information can be found on PR Newswire’s website.
StorageMart, founded by the Burnam Family, is a vertically integrated platform that owns, operates, and develops self-storage properties throughout the United States, Canada, and the United Kingdom.
GIC is a leading global investment firm established in 1981 to manage Singapore’s foreign reserves.
Cascade Investment is a private investment entity the sole member of which is William H. Gates III.