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News release

HOUSTON, TX

JLL Negotiates Sale of Boulder Self Storage Portfolio

LifeStorage acquires largest self storage portfolio in the City of Boulder


HOUSTON, March 16, 2016 – JLL Capital Markets experts today announced the firm has completed the sale of a self storage portfolio located in Boulder, Colorado. Roseville, California-based LifeStorage purchased the four-property portfolio.

Managing Directors Steve Mellon and Brian Somoza, who lead JLL's National Self Storage Team, represented the seller, Heitman, in the transaction.

"This four-property offering provided investors with a highly compelling, turnkey opportunity to acquire a stabilized self storage portfolio," said Mellon. "The proximal locations, strong surrounding demographics and quality of construction should result in a solid investment for LifeStorage."

Combined, the properties total approximately 324,000 rentable square feet with more than 3,000 units, comprising about 45 percent of the total self storage space within the city. Features and amenities of the properties include: climate controlled units, drive-up units, surface parking, secure fencing, electronic access control, video surveillance and retail oriented customer service offices.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2015 alone, JLL Capital Markets completed $140 billion in investment sale and debt and equity transactions globally. The firm's Capital Markets team comprises more than 2,000 specialists, operating all over the globe.

For more news, please visit The Investor, an online and mobile app news source providing real-time commercial real estate news to asset buyers and sellers around the world.

For more news, videos and research resources on JLL, please visit the firm's U.S. media center Web page: http://bit.ly/18P2tkv.

About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 230 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $56.4 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.