Winston & Strawn Represents LAACO, Ltd.

Winston & Strawn represented LAACO, Ltd. (LAACO), the owner of the Storage West brand of 59 self-storage facilities, in its sale to CubeSmart (NYSE: CUBE) for approximately $1.69 billion, which includes approximately $40.9 million of LAACO debt that will be repaid at, or shortly after, the closing. Storage West is the owner and operator of 59 self-storage assets in the highly desired western markets of Southern California (22), Phoenix (17), Las Vegas (13), and Houston (7). Two of these properties are owned by two separate joint ventures, each owned fifty percent by LAACO. The Storage West portfolio represents a strategic transaction that will enhance CubeSmart’s portfolio and further diversify their geographic exposure. LAACO is among the oldest businesses in Los Angeles and was also the owner of the Los Angeles Athletic Club and the California Yacht Club.

Press Release: https://lawstreetmedia.com/news/deals/cubesmart-will-acquire-storage-west-platform-for-1-69b/?utm_source=rss&utm_medium=rss&utm_campaign=cubesmart-will-acquire-storage-west-platform-for-1-69b

Winston Team:

Stephen Antion, Lead Partner, Los Angeles

Joe Adams, Partner, Chicago

Kevin Smith, Partner, New York

David Stauber, Partner, New York

Farah Alkayed, Associate, Los Angeles

Sam Boorstein, Associate, New York

Madalyn Brown, Associate, Chicago

Dhruva Krishna, Law Clerk, Los Angeles

Neil O’Dougherty, Associate, New York

Brendan Mace, Associate, Los Angeles

Justin Trapp, Associate, Chicago