# MyPlace Self Storage and Nuveen Buy 523-Unit Apache Junction CubeSmart Portfolio on September 22, 2026 > MyPlace Self Storage and Nuveen closed on 523 CubeSmart units in Apache Junction on September 22, 2026, just two days after MyPlace's East Lansing buy. Marcus & Millichap brokered the Palatine Capital sale of two stabilized Phoenix MSA facilities. - URL: https://www.yourcaio.co/news/myplace-nuveen-apache-junction-523-unit-september-2026 - Published: 2026-09-22 - Author: David Cartolano (https://www.yourcaio.co/about) - Category: Acquisitions - Property type: Self-Storage - Tags: MyPlace Self Storage, Nuveen, Apache Junction Arizona, Phoenix MSA, CubeSmart - Source: [Marcus & Millichap](https://www.marcusmillichap.com/news-events/press/2026/09/09-22-cubesmart-portfolio) ## Key Takeaways - Marcus & Millichap announced on September 22, 2026, the sale of a two-property, 523-unit CubeSmart portfolio in Apache Junction, Arizona, to MyPlace Self Storage and Nuveen, with Palatine Capital as seller. - The portfolio totals 84,192 net rentable square feet: 342 units and 57,092 square feet at 1678 W. Superstition Blvd., plus 181 units and 27,100 square feet at 1735 W. Apache Trail, per the brokerage press release. - Apache Junction sits roughly 30 miles east of downtown Phoenix in the Phoenix MSA, a market that saw institutional trades including [Marcus & Millichap's 984-unit Extra Space sale in August 2026](https://www.yourcaio.co/news/marcus-millichap-phoenix-extra-space-984-unit-august-2026). - The close lands two days after [MyPlace's 710-unit East Lansing, Michigan, acquisition](https://www.yourcaio.co/news/myplace-self-storage-east-lansing-710-unit-september-2026), extending a September buying streak by the regional platform alongside institutional capital from Nuveen. - Broker commentary cited strong buyer demand despite a challenging transaction environment, attributing interest to stabilized performance and the ability to acquire multiple Phoenix MSA properties in one trade. Marcus & Millichap announced on **September 22, 2026**, the sale of a **two-property, 523-unit CubeSmart portfolio** in Apache Junction, Arizona, to **MyPlace Self Storage and Nuveen**. Seller **Palatine Capital** exited **84,192 net rentable square feet** spread across Superstition Boulevard and Apache Trail, roughly **30 miles east of downtown Phoenix**. The trade closes a busy September week for MyPlace, which [announced a 710-unit East Lansing acquisition on September 20, 2026](https://www.yourcaio.co/news/myplace-self-storage-east-lansing-710-unit-september-2026). It also shows institutional capital still co-investing with operating platforms when sellers offer stabilized, multi-asset Sun Belt exposure in one shot. --- ## What Properties Changed Hands in Apache Junction? Marcus & Millichap's release identifies two former CubeSmart sites: | Address | Units | Net rentable SF | |---------|-------|-----------------| | 1678 W. Superstition Blvd. | 342 | 57,092 | | 1735 W. Apache Trail | 181 | 27,100 | | **Portfolio total** | **523** | **84,192** | The brokerage did not disclose price, cap rate, or occupancy. For a Palatine Capital seller and a buyer pair combining MyPlace operations with Nuveen capital, the marketed story was performance and scale in the Phoenix MSA, not a lease-up gamble. --- ## Why Did Marcus & Millichap Highlight Buyer Demand in a Tough Market? Nathan Coe and Adam Schlosser, quoted in the September 22, 2026 release, said **buyer demand was strong** even in a challenging transaction environment. Their thesis: stabilized cash flow plus the ability to buy **multiple self-storage properties in the Phoenix MSA** in one closing. That comment rhymes with [Marcus & Millichap's September U.S. self-storage outlook](https://www.yourcaio.co/news/marcus-millichap-us-self-storage-outlook-vacancy-development-slows-september-2026), which projects national vacancy improving toward **10%** as 2026 deliveries slow to the smallest growth rate since 2016. Buyers are not chasing 2021 growth rates. They are acquiring clusters where operating metrics already clear debt service. The deal team spanned Columbus, Denver, and Arizona desks, with Ryan Sarbinoff as Arizona broker of record. Cross-office collaboration on a 523-unit portfolio signals how mid-size trades now require national marketing reach even when the assets sit in a single MSA. --- ## How Does MyPlace's September Buying Spree Compare? MyPlace's East Lansing buy added **710 units** and roughly **79,762 square feet** near Michigan State University, lifting the operator to **69 U.S. locations**. Forty-eight hours later, the Apache Junction portfolio adds **523 units** in Arizona with Nuveen alongside. The geography jump is intentional platform behavior, not random sprawl. MyPlace already appeared among institutional TractIQ users in 2026 and discussed live operational dashboards on [Storable's SSA Fall Show panel](https://www.yourcaio.co/news/storable-ssa-fall-2026-ai-panel-september-2026). Buying CubeSmart-branded stabilized stock in the Phoenix fringe lets MyPlace plug facilities into the same revenue and collections tooling it markets publicly. Nuveen's presence matters for capital stack. Nuveen is a recurring name in self-storage analytics stacks and institutional portfolios, including disclosures on [TractIQ's CRED iQ connector customer list](https://www.yourcaio.co/news/cred-iq-tractiq-50b-cmbs-ai-connector-june-2026). Pairing with MyPlace gives Nuveen operating coverage without building a regional manager from scratch. --- ## What Does Apache Junction Mean for Phoenix MSA Supply Dynamics? Phoenix was ground zero for post-pandemic self-storage deliveries. [Marcus & Millichap's August 2026 sale of a 984-unit Extra Space facility](https://www.yourcaio.co/news/marcus-millichap-phoenix-extra-space-984-unit-august-2026) showed institutional buyers still underwriting Arizona despite national advertised rent pressure. Apache Junction is not downtown Phoenix. It is an east-valley commuter and retiree market with different rate sensitivity than urban infill. Portfolio buyers who want Phoenix exposure without single-asset concentration risk often target these fringe MSAs where land was cheaper during the build cycle and occupancy has had time to season. National operating data still cautions against calling a demand rebound. [Scotsman Guide's September 1, 2026 report](https://www.yourcaio.co/news/self-storage-sector-stabilizes-q2-2026-scotsman-september-2026) cited **1.6% year-over-year declines** in advertised rents to **$16.47 per square foot** in July 2026, with REIT revenue gains driven by **fewer move-outs**, not stronger move-ins. Buyers like MyPlace and Nuveen are betting on cash-flow durability and operational upside, not a V-shaped street-rate recovery. --- ## Who Else Should Watch This Deal Structure? **Regional operators seeking institutional equity.** MyPlace's two-step September (Michigan tuck-in, Arizona portfolio with Nuveen) is a template for scaling without a single REIT balance sheet. **Sellers with two-asset clusters.** Palatine achieved a portfolio trade rather than sequential single-asset marketing. Marcus & Millichap's quote about multi-property demand is the broker signal that clustering still matters in 2026. **CubeSmart disposition watchers.** Former CubeSmart sites continue to trade as rebranding opportunities for buyers with management platforms. [Inland's September Joliet acquisition](https://www.yourcaio.co/news/inland-devon-joliet-illinois-859-unit-acquisition-september-2026) showed the same pattern with Extra Space assets rebranded under Devon Self Storage. **Phoenix competitors.** A 523-unit step-change in Apache Junction alters local pricing power. Operators without multi-site density in the east valley face a better-capitalized rival pairing institutional equity with an aggressive acquirer. --- ## The Numbers Worth Writing Down - **Announcement date:** September 22, 2026 - **Buyer:** MyPlace Self Storage and Nuveen - **Seller:** Palatine Capital - **Broker:** Marcus & Millichap - **Units:** 523 - **Net rentable SF:** 84,192 - **Submarket:** Apache Junction, Phoenix MSA (~30 miles east of downtown Phoenix) - **Prior brand:** CubeSmart - **Price / cap rate:** Not disclosed --- ## Operating Platforms Still Win Portfolios Palatine did not sell to a passive trophy buyer. It sold to **MyPlace plus Nuveen**, a combination built for operations and institutional hold periods. Two days after East Lansing, MyPlace proved September 2026 was not a one-off Midwest tuck-in. For Phoenix MSA owners considering exit, the message is clear: stabilized pairs still clear when the buyer can run them and the capital partner can size the check. --- ## Sources - [Marcus & Millichap Brokers Sale of Two-Property Self-Storage Portfolio in Phoenix MSA](https://www.marcusmillichap.com/news-events/press/2026/09/09-22-cubesmart-portfolio), Marcus & Millichap, September 22, 2026 - [MyPlace Self Storage East Lansing Acquisition](https://www.yourcaio.co/news/myplace-self-storage-east-lansing-710-unit-september-2026), Your CAIO - [Marcus & Millichap Phoenix Extra Space 984-Unit Sale](https://www.yourcaio.co/news/marcus-millichap-phoenix-extra-space-984-unit-august-2026), Your CAIO - [U.S. Self-Storage Outlook 2026](https://www.yourcaio.co/news/marcus-millichap-us-self-storage-outlook-vacancy-development-slows-september-2026), Your CAIO ## Frequently Asked Questions ### Who bought the Apache Junction CubeSmart portfolio in September 2026? MyPlace Self Storage and Nuveen purchased the two-property portfolio, per Marcus & Millichap's September 22, 2026 press release. Palatine Capital, a New York City-based private investment company, sold the assets. ### How large is the Apache Junction self-storage portfolio? The portfolio comprises 523 units and 84,192 net rentable square feet across two addresses in Apache Junction, Arizona. Superstition Blvd. contributes 342 units and 57,092 square feet; Apache Trail contributes 181 units and 27,100 square feet. ### Why does a Nuveen co-buy with MyPlace matter? Nuveen brings institutional balance-sheet capital while MyPlace contributes operating scale and a documented acquisition cadence, including its September 20, 2026 East Lansing close. The pairing shows mid-market operators still partner with institutional equity to win multi-asset Sun Belt portfolios in late 2026. ### What did Marcus & Millichap say about buyer demand for the trade? Investment specialists Nathan Coe and Adam Schlosser said buyer demand was strong despite a challenging environment, citing stabilized performance and the chance to buy multiple Phoenix MSA properties together. Marcus & Millichap teams in Columbus, Denver, and Arizona marketed the listing. ### How does this Phoenix MSA trade fit national market trends? National advertised rents remained under pressure in 2026 while occupancy improved on lower move-outs, per September reporting on Yardi Matrix data. Buyers still pursue stabilized Sun Belt clusters when they can underwrite cash flow today rather than bet on a sharp street-rate rebound. --- Cite as: David Cartolano, "MyPlace Self Storage and Nuveen Buy 523-Unit Apache Junction CubeSmart Portfolio on September 22, 2026," YourCAIO.co, 2026-09-22, https://www.yourcaio.co/news/myplace-nuveen-apache-junction-523-unit-september-2026