Onyx Equities Takes on Self-Storage Assignments in N.J.

Posted by MiniCo on Jul 19, 2012 12:00:00 AM

Onyx Equities Takes on Self-Storage Assignments in N.J.

Onyx Equities LLC has added more than 2,500 self-storage units in receiverships/property management assignments bringing the total number of managed units to more than 8,000.

The assignments are through N.J. Self Storage, which offers locations in Cranbury, Monroe, Deptford, Egg Harbor, Fort Lee, Manchester, Marlboro/Englishtown, North Bergen, North Brunswick, Union, Watchung and West Creek. The company provides indoor and outdoor storage units in a variety of sizes.

“Having a self-storage focus is another way to showcase Onyx’s diversification,” said Samuel Giordano, chief financial officer, Onyx Equities LLC. “Self storage is an important niche for commercial real estate and all of these units are well located and well maintained, with knowledgeable onsite staff.”

About Onyx Equities

Onyx Equities, LLC (“Onyx Equities”) was founded in 2004 and is a private real estate investment and property management firm headquartered in Woodbridge, New Jersey. Onyx Equities was formed for the purpose of co-investing with various institutional and high net worth joint venture partners in commercial properties.

The principals of Onyx Equities have more than 50 years hands-on experience in target markets. Its investment philosophy is to buy in supply constrained markets with large barriers to entry. Onyx Equities plans to reposition its assets and find hidden value in previously mismanaged assets.

Since its inception, Onyx has acquired more than $680 million in assets throughout the region. Onyx currently owns a portfolio of 3 million square feet of office, retail, and industrial properties located in New Jersey, New York, Pennsylvania and Florida.