Add-on Acquisition • Real Estate

Tenant Acquires Storelocal

On February 14, 2023, Tenant acquired real estate company Storelocal

Acquisition Context

This is Tenant’s 1st transaction in the Real Estate sector.
This is Tenant’s 1st transaction in the United States.
This is Tenant’s 1st transaction in California.

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M&A Deal Summary
Date	February 14, 2023
Target	Storelocal
Sector	Real Estate
Buyer(s)	Tenant
Deal Type	Add-on Acquisition

Target Company

Storelocal

Newport Beach, California, United States

Storelocal is a cooperative of self-storage owners and operators coming together to increase their competitive advantage in the marketplace. Storelocal was founded in 2014 and is based in Newport Beach, California.

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Buyer Overview 1

Buyer

Tenant

Newport Beach, California, United States

Category	Company
Founded	2019
Sector	Internet Software and Services

DESCRIPTION

Tenant is a provider of cloud-based software for self-storage. The Company makes software that actually works for operators as our unified ecosystem of self-storage products are tailored to the real needs of the self-storage industry. Tenant was founded in 2019 and is based in Newport Beach, California.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Real Estate	1 of 1
Type: Add-on Acquisition	1 of 1
State: California	1 of 1
Country: United States	1 of 1
Year: 2023	1 of 1

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