CBRE Investment Management Launches $250M Core-Plus JV with CubeSmart
In Q4 2025, CBRE Investment Management launched a $250M joint venture with CubeSmart to invest in high-growth self-storage markets across core-plus and value-add opportunities. The deal excludes contribution of existing CubeSmart assets and leverages CBRE’s platform to source external investments.
1. Joint Venture Formation
In Q4 2025, CBRE Investment Management and CubeSmart established a $250 million joint venture to acquire and manage self-storage assets.
2. Investment Focus
The JV will pursue external core-plus and value-add self-storage opportunities in high-growth markets, explicitly excluding the contribution of CubeSmart’s existing properties.
3. Strategic Rationale
The partnership leverages CBRE’s asset management platform to expand assets under management in the self-storage sector and capitalize on pricing dislocations between public and private markets.
4. Financial and Balance Sheet Impact
The $250 million commitment is structured off-balance-sheet for CubeSmart, generating management fees and enhancing CBRE’s fee income while maintaining balance sheet flexibility.