# CubeSmart, L.P. — capital_raise [pending]
Source: SEC API (secapi.ai) · situation sit_801c32fa097b14ed4441 · retrieved 2026-08-11T15:54:49.046Z

## Overview
CubeSmart is a self-administered and self-managed real estate investment trust (REIT) that owns and operates self-storage properties designed to offer affordable, easily accessible, and climate-controlled storage space for residential and commercial customers.

CubeSmart entered into an agreement to contribute 15 wholly-owned self-storage properties to a newly-formed joint venture with an affiliate of Heitman Capital Management for an agreed-upon value of $197.0 million. The Company will receive cash and retain a 20% ownership interest in the joint venture, while Heitman will contribute cash and own the remaining 80% interest. The contributed stores contain approximately 0.9 million rentable square feet across eight states. The transaction is expected to close in the fourth quarter of 2026.

## Terms
- Counterparty: Heitman Capital Management · Deal value: $197.0M · Consideration: cash · Stake: 20%

## Key dates
- Announced 2026-07-31

## Timeline
- 2026-07-31 · 8-K (0001298675-26-000035): 8-K - CubeSmart, L.P. — *CubeSmart is a self-administered and self-managed real estate investment trust (REIT) that owns and operates self-storage properties designed to offer affordable, easily accessible, and climate-controlled storage space for residential and commercial customers.* CubeSmart entered into an agreement to contribute 15 wholly-owned self-storage properties to a newly-formed joint venture with an affiliate of Heitman Capital Management for an agreed-upon value of $197.0 million. The Company will receive cash and retain a 20% ownership interest in the joint venture, while Heitman will contribute cash and own the remaining 80% interest. The contributed stores contain approximately 0.9 million rentable square feet across eight states. The transaction is expected to close in the fourth quarter of 2026.
  https://www.sec.gov/Archives/edgar/data/1300485/0001298675-26-000035.txt

## Citations
- 0001298675-26-000035 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000129867526000035