Published on Thursday, November 20, 2025
Access our latest property investment summary by completing the form below.
The firm is partnering with UBS' Unified Global Alternatives.
Blue Vista Capital Management is expanding further into self storage thanks to its new $600 million partnership with Unified Global Alternatives.
The two will use that amount to invest in value-add, development and core/core-plus opportunities throughout the U.S. United, owned by UBS, will put its Real Estate and Extra Space Storage divisions at the forefront of the investment strategy. Extra Space will be responsible for managing all the investments made under the partnership.
While Blue Vista's investment strategies mostly focus on student housing, real estate credit and middle market equity, the Chicago-based firm brings 15 years of experience in self-storage to the table, from developments to acquisitions. In fact, Blue Vista has made 65 investments in the asset class to date. It's also worked with Extra Space in the past.
“We are excited to be combining our expertise and resources with these trusted partners to pursue the venture’s goal of becoming the largest private owner of self-storage assets in the U.S., Peter Stelian, CEO of Blue Vista, said in a statement.
"Self-storage has been one of our best asset classes in terms of performance and, with the combination of UGA RE’s global real estate expertise and EXR’s demonstrated “best in class” management capabilities, we believe we are positioned for excellence in performance for our clients and partners."
Joe Margolis, CEO of Extra Space, added to that point and believes the collaboration puts the group in a position to capitalize on opportunities in what he called the "most resilient" asset class in all of real estate.
However, there is one challenge with self storage — supply is expected to rise in the next couple of years — as pointed out in a recent report by Yardi Matrix. Forecast completions rose by 4.3% for 2025 and by 4.6% for 2026 in the analysis, while projections for 2027 stayed the same. That comes as advertised self-storage unit rates rose for the first time in three years in September.