Precision Global Corporation Partners with CubeSmart to Manage Four Strategic Storage Facilities Across Texas

Rhea-AI Summary

CubeSmart (NYSE:CUBE) has entered into a partnership with Precision Global Corporation (PGC) to manage four strategic storage facilities across Texas. The partnership, effective July 25, 2025, includes the management of storage facilities in Clute, Royse City, Lakehills, and Granbury.

CubeSmart, the third-largest self-storage operator in the U.S. with over 1,300 properties nationwide, will implement its operational expertise to enhance customer experience and facility performance. This strategic move aligns with PGC's expansion goals in the self-storage sector and its mission to build a national portfolio through partnerships with elite operators.

Positive

• Partnership with CubeSmart, the third-largest self-storage operator in the U.S.
• Expansion of operational presence across four strategic Texas locations
• Access to CubeSmart's proven management systems and marketing infrastructure

Negative

• None.

Insights

Self-Storage Industry Analyst

CubeSmart adds four Texas facilities to its third-party management portfolio, a minor positive for operational revenue.

This partnership with Precision Global Corporation (PGC) represents a small but positive development for CubeSmart (CUBE). As the third-largest self-storage operator in the U.S., CubeSmart currently manages over 1,300 properties nationwide, making these four additional facilities a modest 0.3% expansion to their management portfolio.

Third-party management contracts like this one are attractive to REITs like CubeSmart because they generate fee-based revenue with minimal capital investment. The management fees typically range from 5-6% of a facility's gross revenue, plus potential additional fees for specialized services. These agreements also create acquisition pipelines, as CubeSmart gains intimate knowledge of the properties' performance and could potentially acquire them later.

For context, third-party management has been a strategic focus for major storage REITs. CubeSmart's primary competitors, Public Storage and Extra Space, have also aggressively expanded their third-party management platforms in recent years. The sector recognizes these arrangements as capital-light growth opportunities that leverage existing operational infrastructure and marketing platforms.

While this particular announcement won't significantly move the needle on CubeSmart's financial performance given the modest number of facilities involved, it demonstrates continued execution of their third-party management growth strategy. It also strengthens their Texas footprint, which is a high-growth market for self-storage due to population migration trends and business-friendly regulations.

ROCKWALL, Texas, July 26, 2025 /PRNewswire/ -- In a move that underscores its rapid growth and commitment to operational excellence, Precision Global Corporation (PGC) proudly announces its new partnership with CubeSmart, one of the nation's leading self-storage operators, to manage four of its Texas-based storage assets:

• Brazosport Storage in Clute, TX
• FM 1777 Storage in Royse City, TX
• Lakehill Storage in Lakehills, TX
• Tin Top Storage in Granbury, TX

As of Friday, July 25, 2025, CubeSmart officially assumes third-party management of all four properties.

This marks a significant milestone in PGC's expansion within the self-storage sector and reflects the company's focus on enhancing value through best-in-class operations and strategic partnerships.

"CubeSmart doesn't just manage storage—they redefine it," said Brian Sullivan, President of Precision Global Corporation. "Their leadership in this space is undeniable. By entrusting CubeSmart with these four facilities, we're elevating the customer experience while positioning each asset for sustained success."

With more than two decades of experience and a reputation for operational excellence, CubeSmart is the third-largest owner and operator of self-storage facilities in the U.S., managing over 1,300 properties nationwide. Their systems, marketing infrastructure, and service-first culture make them the gold standard for facility owners looking to scale.

Under CubeSmart's management, tenants at all four Texas locations can expect elevated service, improved visibility, and enhanced operational performance through CubeSmart's proven model.

This partnership aligns with Precision Global's ongoing mission: to scale a national portfolio of self-storage and RV park assets by partnering with elite operators and creating long-term value for both customers and investors.

About Precision Global Corporation

Precision Global Corporation is a national private equity firm specializing in real estate investment and development. With a focus on high-growth, income-producing assets like self-storage and RV parks, PGC is known for its entrepreneurial spirit, disciplined execution, and strategic partnerships. The company is actively expanding its portfolio in markets with strong demographic and economic fundamentals. For more information, visit www.precisionglobalcorp.com.

About CubeSmart

Founded in 2004, CubeSmart is a publicly traded REIT and recognized industry leader in the self-storage sector. Managing over 1,300 facilities nationwide, CubeSmart offers expert third-party management, technology-driven solutions, and a customer-first culture that sets them apart as the go-to partner for facility owners across the U.S.

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SOURCE Precision Global Corporation LLC

FAQ

What storage facilities will CubeSmart (CUBE) manage for Precision Global Corporation?

CubeSmart will manage four facilities in Texas: Brazosport Storage in Clute, TXFM 1777 Storage in Royse City, Lakehill Storage in Lakehills, and Tin Top Storage in Granbury.

When does CubeSmart's management of the Precision Global Corporation facilities begin?

CubeSmart officially assumes third-party management of all four properties on July 25, 2025.

How many properties does CubeSmart currently manage nationwide?

CubeSmart manages over 1,300 properties nationwide and is the third-largest owner and operator of self-storage facilities in the U.S.

What improvements can tenants expect under CubeSmart's management?

Tenants can expect elevated service, improved visibility, and enhanced operational performance through CubeSmart's proven management model.