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February 24, 2021
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PROPERTY MANAGEMENT NEWS
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Westport Properties Merges with Vertex Investments

1/14/21

Westport Properties, an OC-based owner/operator of self storage facilities nationally under the brand US Storage Centers, announced that it has merged with Vertex Investments, a Denver-based, privately held real estate investment company primarily focused on multifamily and mobile home parks, throughout the United States. The company currently owns and manages seven multifamily properties totaling 638 units.

The merger will allow Westport to expand and diversify its portfolio with multifamily being a big growth area for the company. Vertex Investments’ co-founders David Grissom and Scott McCormick will now serve as Properties’ residential vertical, Westport Residential.

“This merger was the perfect opportunity and partner for us to launch a residential platform that we have envisioned for some time,” commented Drew Hoeven, Chairman and CIO of Westport Properties. “We now have the resources and expertise to acquire multifamily properties and manage them in-house while continuing our growth within the self storage and industrial verticals.”

Grissom and McCormick launched Vertex Investments in 2017. With more than 16 years in commercial real estate, Grissom previously worked with multiple high profile companies on acquisition and development projects valued at over $1.1 bil. McCormick has over 16 years of experience in commercial real estate and has managed over 4.5 msf valued at over $400 mil.




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