CubeSmart

ROCKWALL, Texas, July 26, 2025 /PRNewswire/ -- In a move that underscores its rapid growth and commitment to operational excellence, Precision Global Corporation (PGC) proudly announces its new partnership with CubeSmart, one of the nation's leading self-storage operators, to manage four of its Texas-based storage assets:

• Brazosport Storage in Clute, TX
• FM 1777 Storage in Royse City, TX
• Lakehill Storage in Lakehills, TX
• Tin Top Storage in Granbury, TX

As of Friday, July 25, 2025, CubeSmart officially assumes third-party management of all four properties.

This marks a significant milestone in PGC's expansion within the self-storage sector and reflects the company's focus on enhancing value through best-in-class operations and strategic partnerships.

"CubeSmart doesn't just manage storage—they redefine it," said Brian Sullivan, President of Precision Global Corporation. "Their leadership in this space is undeniable. By entrusting CubeSmart with these four facilities, we're elevating the customer experience while positioning each asset for sustained success."

With more than two decades of experience and a reputation for operational excellence, CubeSmart is the third-largest owner and operator of self-storage facilities in the U.S., managing over 1,300 properties nationwide. Their systems, marketing infrastructure, and service-first culture make them the gold standard for facility owners looking to scale.

Under CubeSmart's management, tenants at all four Texas locations can expect elevated service, improved visibility, and enhanced operational performance through CubeSmart's proven model.

This partnership aligns with Precision Global's ongoing mission: to scale a national portfolio of self-storage and RV park assets by partnering with elite operators and creating long-term value for both customers and investors.

About Precision Global Corporation

Precision Global Corporation is a national private equity firm specializing in real estate investment and development. With a focus on high-growth, income-producing assets like self-storage and RV parks, PGC is known for its entrepreneurial spirit, disciplined execution, and strategic partnerships. The company is actively expanding its portfolio in markets with strong demographic and economic fundamentals. For more information, visit www.precisionglobalcorp.com.

About CubeSmart

Founded in 2004, CubeSmart is a publicly traded REIT and recognized industry leader in the self-storage sector. Managing over 1,300 facilities nationwide, CubeSmart offers expert third-party management, technology-driven solutions, and a customer-first culture that sets them apart as the go-to partner for facility owners across the U.S.

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SOURCE Precision Global Corporation LLC

Joint venture of Hines and CubeSmart closes on one of the United States' largest self-storage portfolio transactions of 2024ⁱ

DALLAS, Jan. 31, 2025 /PRNewswire/ -- Newmark announces the firm has brokered a recapitalization and new joint venture between Hines and CubeSmart for a 14-property self-storage portfolio located across the Dallas-Fort Worth Metroplex. Newmark Vice Chairman and leader of the firm's National Self Storage Capital Markets practice, Aaron Swerdlin, along with Executive Managing Director Andrew Warin and team, advised Hines on the recapitalization.

"As one of the largest national self-storage portfolio transactions of 2024, this transaction was a testament to the strength of the Dallas-Fort Worth market and further validation of the durability and appeal for high-quality storage assets across the U.S.," said Swerdlin. "Special thanks to Robb DeJean and Michael Holder at Hines for their leadership in getting this transaction across the finish line."

Warin added, "We are proud to have played a key role in bringing the Hines and CubeSmart partnership to fruition."  

The portfolio, which encompasses more than 9,700 units across over 1.25 million net rentable square feet, is operating under the CubeSmart Self Storage brand. Strategically situated in key Dallas-Fort Worth submarkets, including Arlington and Plano, the assets capitalize on rapid population growth and increasing local demand for self storage solutions.

According to Newmark's Q3 2024 Self-Storage Report, Dallas ranks third for the highest projected population growth, highlighting the correlation between favorable macroeconomic trends—such as strong net migration, job growth and rising household income—and markets with significant investment activity.

About Hines 

Hines is a leading global real estate investment manager. We own and operate $93.0 billion¹ of assets across property types and on behalf of a diverse group of institutional and private wealth clients. Every day, our 5,000 employees in 31 countries draw on our 67-year history to build the world forward by investing in, developing, and managing some of the world's best real estate. To learn more, visit www.hines.com and follow @Hines on social media. 

About CubeSmart

CubeSmart (NYSE: CUBE) is a self-administered and self-managed real estate investment trust. The Company's self-storage properties are designed to offer affordable, easily accessible and, in most locations, climate-controlled storage space for residential and commercial customers. According to the 2024 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.

About Newmark

Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended September 30, 2024, Newmark generated revenues of approximately $2.6 billion. As of that same date, Newmark's company-owned offices, together with its business partners, operated from nearly 170 offices with more than 7,800 professionals around the world. To learn more, visit nmrk.com or follow @newmark.

Discussion of Forward-Looking Statements about Newmark

Statements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.

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SOURCE Newmark Group, Inc.