Spartan Investment Group (Spartan), a Colorado-based privately held real estate investment firm specializing in the self-storage industry, announced today the acquisition of Lafayette Parkway Self Storage in LaGrange, Ga.

The property will transition to FreeUp Storage LaGrange under the national banner in which Spartan manages its 65-property portfolio. FreeUp Storage LaGrange is a 469-unit storage facility located at 1385 Lafayette Parkway and includes 19 buildings encompassing nearly 80,000 net rentable square feet. FreeUp Storage LaGrange is the 14th self storage facility under the FreeUp brand in Georgia.

“We continue to prioritize strong acquisition opportunities for Spartan Storage Fund 1 and the facility in LaGrange passed our rigorous due diligence checklist to fit our needs for investors,” said Ryan Gibson, Chief Investment Officer at Spartan Investment Group. “The LaGrange area shows strong population growth potential, and as such, we believe this acquisition allows us to bring economies of scale to the property at a time when demand is sure to continue to increase in the coming years.”

Spartan has experienced impressive growth in recent years given the demand for self-storage during the pandemic, and the launch of the firm’s first self-storage fund last year, Spartan Storage Fund 1. For more information, visit www.spartan-investors.com/spartan-storage-fund.