Acquisitions

Acquisitions

Our acquisition team is responsible for sourcing, analyzing, performing due diligence and negotiating the purchase of properties for IRE under the Moove In Self Storage brand.

Chris Riley

President
E: criley@irellc.com

Kyle Burlage

Associate Director of Acquisitions
E: kburlage@irellc.com
P: 717-881-8783

Matt Bilson

Acquisitions Analyst
E: Mbilson@irellc.com
P: 779-0804 x 110

Tiffany O’Neill

Transactions Manager
E: toneill@irellc.com
P: 717-825-1471

Why Sell to Investment Real Estate?

  • Assured Integrity of Our Offers
    Our dedicated team meticulously assesses and comprehends the value of your property. When we extend an offer, it signifies our commitment to honoring it.
  • Streamlined Due-diligence Procedure
    We prioritize efficiency and efficacy, eliminating unnecessary complexities and extensive inquiries. Our due diligence protocol is specifically designed for self storage properties.
  • Distinguished Leaders in the Industry
    Guided by the esteemed Self Storage Hall of Fame inductee John H. Gilliland, our team collectively possesses over a century of invaluable experience in the self storage sector.
  • Commitment to Honesty & Transparency
    We uphold a standard of forthrightness and openness, ensuring clear and candid communication throughout every phase of the transaction.

Acquisition Criteria

Location: Throughout the contiguous United States
Size: A minimum of 40,000 net rentable square feet (NRSF)
Investment Class: Core, Core+ and Value-Add properties
Population: A robust population of at least 15,000 residents within a 5-mile radius

Development Criteria

Location: Prime locations along the East Coast of the United States
Size: A minimum of 60,000 net rentable square feet (NRSF)
Investment Class: Premium Class A, Multi-Story and Drive-Up facilities
Population: A substantial population of at least 25,000 residents within a 5-mile radius


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Acquisition Criteria

Existing

  • 40,000+ net rentable square footage
  • 20k population in a five (5)-mile radius
  • Ideally an office or room to build an office
  • Paved is ideal but would not walkaway if not
  • Not directly next to another storage facility
  • Median household income of over $60,000
  • States: PA, MD, DE, NY, NJ, CT, MA, VA, RI, and IA
  • Extras but not necessary:
    • Below market rents
    • Mom and Pop operated
    • Low saturation
    • Expansion room

Development

Land

  • 4+ acres (can be 3 acres if the pad is flat in a good area)
  • 20K population in a 5 mile
  • Ideally light industrial zoning
  • No industrial parks
  • Decent visibility
  • States: PA, MD, DE, NY, NJ, CT, MA, VA

Existing buildings

  • 40k+ sf
  • Decent traffic count
  • 20k population in a 5 mile
  • Ideally a large parking lot
  • Vacant or lease term less than 2 years
  • States: PA, MD, DE, NY, NJ, CT, MA, VA, RI, IA