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Car Dealership REIT Teaming Up With Self-Storage Company on Purchase in Montreal Region

Automotive Properties CEO Says Relationship Could Lead to More Deals
Automotive Properties REIT and StorageVault have created a joint venture to buy this dealership in suburban Montreal. (CoStar)
Automotive Properties REIT and StorageVault have created a joint venture to buy this dealership in suburban Montreal. (CoStar)
CoStar News
June 5, 2023 | 10:08 P.M.

Canada's largest publicly traded auto dealership REIT is making another move in Quebec, but for Automotive Properties a 50/50 joint venture with a self-storage company for a Montreal area asset may also create a new growth option.

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