Metro Storage International Partners With Leading Central American Self Storage Operator

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Metro Storage International and Mr. Bodeguitas International announce joint venture.

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Matthew M. Nagel, Chairman of Metro Storage LLC and Metro Storage International (MSI), announced the recent joint venture between MSI and Mr. Bodeguitas International (MBI), the holding company for Mr. Bodeguitas, Central America’s leading self storage operator.

Founded in 1999 and headquartered in Guatemala, Mr. Bodeguitas currently has 10 operational facilities in Guatemala City (Guatemala), San Salvador (El Salvador), and San Jose (Costa Rica). MSI’s investment is expected to enable Mr. Bodeguitas to continue its store expansion both within its current markets as well as future growth beyond Central America.

Mr. Matthew M. Nagel, Chairman of MSI, commented: “Mr. Bodeguitas was founded by leading Guatemalan business people who have successfully built the best self storage platform in the region. We are thrilled to have found partners with whom we share our passion and belief for our business.”

Mr. Ernesto Zachrisson, Chairman of MBI, added: “Metro Storage, through MSI, is one of the best models for global self storage. We look forward to having Mr. Bodeguitas leverage Metro Storage’s expertise built over 40 plus years of operating throughout major markets in the United States.”

The MSI / MBI partnership was celebrated on October 3, 2017 in Guatemala City on the occasion of the grand opening party for Mr. Bodeguitas’ Mariscal facility (Zone 11). Mariscal is Mr. Bodeguitas’ 10th operational store (and 6th in Guatemala City).

About Metro Storage LLC:
Metro Storage LLC, operating under the trademark Metro Self Storage® (http://www.metrostorage.com), is a privately owned, fully integrated real estate operating company specializing in the development, acquisition and management of self-storage facilities nationwide. Headquartered in Lake Forest, Illinois, the company is the 4th largest privately-held operator of self-storage facilities in the United States with over 125 stores in 14 states. More information about the firm is available at http://www.metrostorage.com.

About Metro Storage International:
Metro Storage International (MSI) is a wholly-owned subsidiary of Metro Storage LLC and focused on investing and / or partnering with leading self storage platforms globally. Metro Storage International has been investing in international self storage platforms since 2013. In addition to the Mr. Bodeguitas partnership in Central America, Metro Storage International is also an owner and partner in MetroFit, a leading self storage operator in Brazil.

About Mr. Bodeguitas:
Mr. Bodeguitas International (MBI Management Corp.) is a wholly-owned holding company of the Mr. Bodeguitas® operating platforms in Guatemala, El Salvador, and Costa Rica. MBI Management Corp. specializes in the development, and management of self-storage facilities in Central America and aims to grow throughout Latin-America. Headquartered in Guatemala City, the company is the largest operator of self-storage facilities in the Central-American region with 10 stores spanning 3 countries.

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Paul Richards
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