Real estate venture targets Southeast

Charlotte-based Morningstar Properties LLC and Harrison Street Real Estate Capital have formed a strategic alliance with 2Guys Storage LLC to invest in self-storage properties in the Southeast.

The alliance expands each organization's geographic territories, levels of expertise and economic efficiencies throughout the region, the companies said.

They plan to acquire, develop and redevelop a portfolio of real estate assets valued at more than $100 million over the next three to five years. 

“The combination of talent and resources this alliance provides will certainly expedite our goal of becoming an industry leader in the Southeastern U.S.,” said Brian Pelski, managing partner of Orlando, Fla.-based 2Guys Storage.