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The Davis Companies closes on disposition of two self-storage facilities operated by Extra Space Storage
The Davis Companies (Davis) have completed the sale of two self-storage facilities in Boston and Medford, MA, both operated by Extra Space Storage, to a joint venture between Invesco Real Estate and Baranof Holdings. Davis made significant capital improvements to both properties, increasing unit counts and overall facility performance, leading to strong occupancy rates. The sale highlights Davis’s strategy of identifying opportunities, executing improvements, and delivering high returns, with the properties located in urban submarkets experiencing high demand and limited supply.