Intercontinental and LaTerra acquire EZ Access Self-Storage

United States

Deal value: $27M

Intercontinental Real Estate Corporation and LaTerra Development acquired EZ Access Self-Storage, a 784-unit facility in Santa Clarita, CA, on 4.18 acres at 23715 Carl Court. This marks Intercontinental's entry into the self-storage sector.

The core investment motivation is to capitalize on the strong, resilient demand for self-storage in supply-constrained, high-growth markets like Santa Clarita, Los Angeles County. Intercontinental is making its first entry into the self-storage sector, attracted by the asset class’s long-term outperformance, demographic shifts, and the region’s under-supplied market. The belief driving this allocation is that self-storage offers stable cash flow, low capex, and upside through operational improvements and professional management.