Stratrix
On the Record · CubeSmart

CubeSmart acquisitions, on the record

The businesses CubeSmart bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
Illinois Asset
Word for word“This store was subject to an involuntary conversion by the Department of Transportation of the State of Illinois.” 10-K for 2023
divestiture——
Storage West Assets
Word for word“Purchase price represents the acquisition of all 167,557 outstanding partnership units of LAACO, Ltd. ("LAACO") for $9,838 per unit.” 10-K for 2023
acquisition——
Los Angeles Athletic Club
Word for word“The Los Angeles Athletic Club was sold by the Company during the year ended December 31, 2022.” 10-K for 2023
divestitureduring the year ended December 31, 2022—
California Yacht Club
Word for word“The California Yacht Club was sold by the Company during the year ended December 31, 2023.” 10-K for 2023
divestitureduring the year ended December 31, 2023—
Connecticut Assets
Word for word“Connecticut Assets ​ Hartford-West Hartford-East Hartford, CT ​ January 2024 ​ 2 ​ $ 20,200 ​ Oregon Asset ​ Portland-Vancouver-Beaverton, OR-WA ​ November 2024 ​ 1 ​ ​ 10,450 ​ Pennsylvania Asset ​ Philadelphia-Camden-Wilmington, PA-NJ-DE-MD ​ November 2024 ​ 1 ​ ​ 11,500 ​ Hines Portfolio (1) ​ Dallas-Fort Worth-Arlington, TX ​ December 2024 ​ 14 ​ ​ 157,250 ​ ​ ​ ​ ​ ​ ​ 18 ​ $ 199,400” 10-K for 2024
acquisitionJanuary 2024—
Hines Portfolio
Word for word“We acquired an 85% ownership interest in seven consolidated joint ventures that collectively own 14 stores located in Texas (the “Hines Portfolio”) for a purchase price of $157.3 million.” 10-K for 2024
acquisition—$157.3 million
Connecticut, Oregon and Pennsylvania stores (four additional stores)
Word for word“We also acquired four additional stores located in Connecticut (2), Oregon (1) and Pennsylvania (1) for an aggregate purchase price of approximately $42.2 million.” 10-K for 2024
acquisition—approximately $42.2 million
Maryland Asset
Word for word“Maryland Asset ​ Washington-Arlington-Alexandria, DC-VA-MD-WV ​ February 2022 ​ 1 ​ $ 32,000 ​ Texas Asset ​ San Antonio, TX ​ June 2022 ​ 1 ​ ​ 23,000 ​ Georgia Asset ​ Atlanta, GA ​ July 2022 ​ 1 ​ ​ 20,700 ​ ​ ​ ​ ​ ​ ​ 3 ​ $ 75,700” 10-K for 2024
acquisitionFebruary 2022—
Texas Asset
Word for word“Texas Asset ​ San Antonio, TX ​ June 2022 ​ 1 ​ ​ 23,000 ​ Georgia Asset ​ Atlanta, GA ​ July 2022 ​ 1 ​ ​ 20,700” 10-K for 2024
acquisitionJune 2022—
Georgia Asset
Word for word“Georgia Asset ​ Atlanta, GA ​ July 2022 ​ 1 ​ ​ 20,700 ​ ​ ​ ​ ​ ​ ​ 3 ​ $ 75,700” 10-K for 2024
acquisitionJuly 2022—
191 IV CUBE LLC ("HVP IV")
Word for word“On February 20, 2025, we acquired our partner’s 80% ownership interest in 191 IV CUBE LLC (“HVP IV”), an unconsolidated real estate venture in which we previously owned a 20% noncontrolling interest.” 10-K for 2025
acquisitionOn February 20, 2025—
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)
2019-12-31$118 million
2021-12-31$1.68 billion
2024-12-31$57.2 million

Deal filings since 2016

Read from CubeSmart’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-27. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.