Go Store It Acquires Boat, RV Storage Portfolio Through $250M Joint Venture
Go Store It has acquired a four-property boat and RV storage portfolio in the Richmond-Katy submarket of the Houston metropolitan area. The acquisition was completed through a $250 million joint venture between GEM Realty Capital and Madison Capital Group, Go Store It’s parent company, focused on scaling an institutional-grade recreational storage platform nationwide.
Go Store It Self Storage is a national self-storage and specialty storage operating platform focused on the acquisition, development, and management of institutional-quality storage facilities in high-growth U.S. markets.
“This acquisition reflects the disciplined growth strategy we continue to execute across the Go Store It platform,” said Scott Hastings, chief financial officer of Go Store It. “The portfolio delivers strong in-place performance, a high concentration of covered and enclosed units and immediate operating efficiencies. It aligns well with our underwriting approach and supports long-term value creation as we scale in supply-constrained, high-demand markets.”
The transaction follows the recent combination of Go Store It and BlueGate, which brought together Go Store It’s national operating platform with BlueGate’s boat and RV storage and marina portfolio. The integration created a single, scaled platform designed to institutionalize ownership, operations, and capital deployment across recreational storage and waterfront assets.
The portfolio includes Grand Parkway Boat & RV Storage, Katy Cinco Boat & RV Storage, Elite Boat & RV Storage and FM 359 Boat & RV Storage. The four properties are 94% occupied, with 705 total units, 560 of which are covered or enclosed.
The properties are located along major growth corridors, including U.S. 69 and the Grand Parkway (State Highway 99). The submarket benefits from residential growth, relatively high household incomes, homeowners association restrictions on boat and RV parking, and proximity to Gulf Coast boating destinations and regional travel routes.
Fort Bend County is among the fastest-growing counties in Texas, with more than 26,000 single-family homes delivered or under development in the surrounding trade area.
“This portfolio provides the scale and product mix needed to deliver an institutional operating standard,” said Banks Brown, vice president of acquisitions for Madison Capital Group. “The concentration of covered and enclosed units, combined with clustered geography, allows us to implement consistent systems, branding and pricing strategies. That foundation supports meaningful product upgrades and positions the assets for long-term performance within a national platform.”
Go Store It plans to implement comprehensive branding and signage upgrades, centralized revenue management, advanced operating technology and enhanced digital marketing, bringing the assets onto its fully integrated platform.
GEM Realty Capital is a strategically integrated real estate investment firm with approximately $6 billion in assets under management. Founded in 1994 and headquartered in Chicago, GEM invests across all four quadrants of U.S. real estate, including public and private markets and both debt and equity strategies.
Madison Capital Group, headquartered in Charlotte, N.C., is a real estate investment firm focused on commercial, self-storage, marinas, and multifamily sectors. The company is the parent entity of Go Store It Self Storage, a nontraded direct investment sponsor specializing in self-storage, and Madison Communities, a vertically integrated real estate development and investment firm dedicated to creating high-quality suburban garden-style apartment communities throughout the Southeast. Madison Capital Group also owns Madison Commercial, a vertically integrated real estate firm focused on alternative asset classes, including retail, office, and mixed-use investments.
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