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Nuveen Real Estate To Invest In Myplace, A Vertically-Integrated Self-Storage Platform

Feb 27, 2023•over 2 years ago
New YorkTravel And TourismCommunity And Lifestyle

Investors

Nuveen Real Estate

Description

Nuveen Real Estate, one of the largest real estate investment managers in the world with more than $154 billion of assets under management, announced that it has invested in MyPlace, a vertically-integrated self-storage platform, that was recently launched by thirty-year industry veteran, Kurt O'Brien, the founder and former CEO of Simply Storage.

Company Information

Company

MyPlace

Location

New York, United States

About

Since then, the platform has grown into a social network used by thousands of people in 86 countries. The platform has a running beta community of over 3,000 community members and a waitlist of over 7,500 people. Throughout 2021, the company saw organic user growth of 40% month-over-month. The platform also has private groups that users can invite each other to. Image Credits: MyPlaceChawla said the platform currently has two different demographics. Bell notes that MyPlace is for sharing private spaces with friends or friends of friends, whereas short-term rental services are dedicated to renting out spaces for profit.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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