- Centerbridge and Reframe secured a $350M debt facility from JPMorgan to accelerate self-storage acquisitions.
- The joint venture plans to launch a self-storage REIT targeting $500M in investments nationwide.
- Current portfolio includes six initial assets in the Sun Belt and Northeast US.
- Investor interest in self-storage is growing as valuations reset and market demand rises.
New Funding for Self-Storage Growth
According to Bisnow, Centerbridge Partners and Reframe Holdings secured a $350M debt facility from JPMorgan Chase to fund a new self-storage acquisition strategy. The partners will use the capital to expand their platform and pursue assets nationwide.
They plan to build a national portfolio and launch a self-storage REIT targeting $500M in investments. The strategy will focus on acquiring properties in top US metro areas with strong demand fundamentals.
Portfolio and Strategic Focus
The venture launched in late 2025 and quickly assembled six seed self-storage assets. These properties span Austin, Milwaukee, Gainesville, Bergenfield, Syracuse, and Rochester.
Centerbridge, a New York-based firm managing $43B in assets, leads the effort. It partners with Reframe, whose principals bring deep sector experience. Since 2024, they have completed 5.1M SF and $1.8B in self-storage and industrial deals.
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Why Self-Storage Attracts Capital
Self-storage, a fragmented asset class, has become increasingly attractive as valuations have dropped 21% from their 2022 highs but are up 2% year-over-year, according to Green Street. Recent market resets allow institutional investors to buy in at or below replacement cost. At the same time, other property sectors are showing early signs of stabilization, particularly in urban office markets where leasing activity has started to recover. Cushman & Wakefield and PwC’s reports both highlight rising investor interest, with 22% of those targeting alternatives now prioritizing self-storage—the top alternative asset in CBRE’s 2026 survey.
What’s Next
JPMorgan’s funds will accelerate acquisitions and support rapid portfolio growth. The venture targets a rare window for scale and operational efficiency.
Meanwhile, new supply has started to moderate across key markets. Cash flow opportunities continue to improve as demand remains steady. Centerbridge and Reframe’s REIT push reflects strong and sustained sector momentum.
