PHILADELPHIA, PA — Hearthfire Holdings has strengthened its presence in the self-storage market by acquiring two facilities in the southwest suburbs of Chicago, Illinois. This milestone marks the addition of Hearthfire’s third and fourth Joint Venture (JV) partners, with another partnership expected soon, highlighting the firm’s capacity to work with retail, family office, and institutional investors alike.
Strategic Collaborations Drive Growth
Through these acquisitions, Hearthfire Holdings has partnered with Terralpe, a private equity real estate firm with a 90-year legacy, and Holdfolio, a boutique real estate investment firm specializing in alternative investments for over a decade. These initiatives further underscore Hearthfire’s ability to offer institutional-grade investment opportunities while maintaining accessibility for independent investors.
“Our ability to attract and align with diverse capital partners highlights the strength of our investment platform,” said Sergio Altomare, Co-Founder and CEO of Hearthfire Holdings. “These acquisitions are a testament to how we seamlessly integrate retail investors seeking high-yield alternatives with the sophisticated deal structures, alignment of interests, and transparency that Joint Venture partners demand.”
Both facilities will be managed by CubeSmart (NYSE: CUBE), a national leader in self-storage operations, ensuring the properties benefit from professional oversight and operational expertise.
Building Long-Term Partnerships
The partnership with Terralpe exemplifies Hearthfire’s commitment to forging alliances built on mutual values. “At Terralpe, we believe that strong partnerships are built on the beginning of a lasting collaboration but also a testament to values-based leadership in action,” said Javier Prieto, Partner at Terralpe. “Together, we are setting a new standard – one where decisions are guided by principles that inspire and create meaningful impact for generations to come.”
By expanding its Joint Venture platform, Hearthfire Holdings continues to position itself as a leading player in alternative investments, delivering innovative opportunities to its partners and investors while scaling its portfolio with strategic precision.
This latest move is not only a measure of Hearthfire’s growth trajectory but also a reflection of the firm’s capability to align institutional expertise with accessible investment solutions, fulfilling the evolving demands of today’s real estate market.
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