Denver-area Self Storage Changes Ownership

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Invesco Real Estate and Westport Properties teamed up to acquire a 472-unit facility in Castle Rock, Colo.: A joint venture of Invesco Real Estate and Westport Properties has acquired an upscale self storage facility in Castle Rock, Colo., from Castle Rock Development. In July 2020, the property became subject to a $5 million loan set to mature in 2025. The loan was provided by Collegiate Peaks Bank, according to Yardi Matrix data. Located at 4395 Regent St. and formerly dubbed Meadows Self Storage, the property will be rebranded under Westport’s U.S. Storage Centers brand.

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