Mitra completes Thornapple Self Storage acquisition

Mitra announced completion of the acquisition of Thornapple Self Storage in Middleville, Michigan, adding the facility to Mitra Diversified Fund I. The transaction followed a year-long master lease that included an option to purchase. During the lease period, Forward Storage operated the property and began implementing a lease-up strategy. The facility was built in 2023. Mitra described the structure as a way to evaluate the local market while operating the asset before purchase. The company did not disclose consideration, seller identity or financing terms. The announcement establishes a completed acquisition but provides no separate exact legal closing date for the asset.