BlueGate Boat & RV Storage has acquired a recreational vehicle and boat storage facility in El Mirage, Arizona, expanding its portfolio across key outdoor markets in the United States. The facility, previously known as Coyote Pass RV & Mini Storage, now operates under the name BlueGate El Mirage.
The 31,563 square meters (339,766 sq ft) site includes 1,004 rentable units across covered, uncovered and indoor parking options, along with 2,309 square meters (24,850 sq ft) of traditional self-storage space. The facility offers access for RV and boat users in the Phoenix metropolitan area.
The acquisition forms part of a $250 million USD joint venture between BlueGate and GEM Realty Capital. It marks the first strategic investment made through the partnership, which aims to scale a national platform of institutional-grade storage facilities in US regions.
Neil Dyer, President of BlueGate, stated: “This acquisition reflects our broader strategy to institutionalise an often-overlooked asset class by delivering secure, Class A storage solutions to the rapidly growing base of RV and boat owners across the country. The El Mirage property is emblematic of the markets we’re targeting: high-growth residential corridors with limited compliant storage options and strong demand for secure, well-managed facilities.”
BlueGate El Mirage includes on-site amenities such as a wash station, dump station, air stations and full video surveillance. BlueGate plans to invest in the facility to modernise its operations and enhance its customer experience. Planned upgrades include the installation of keypad entry systems, implementation of remote management technology, improved lighting and surveillance, and a full rebranding to align with BlueGate’s standards.
Ryan Hanks, CEO of Madison Capital Group Holdings, said: “By leveraging the strength of the Madison Capital Group Holdings platform, BlueGate is able to scale proven operating businesses into national leaders. Our partnership with GEM Realty Capital gives us the firepower to execute quickly and at scale in a fragmented sector that’s positioned for consolidation.”
BlueGate currently operates 14 storage facilities and two marinas across six US states. Two additional facilities, located in Tennessee and Florida, are under construction and expected to open later in the summer.
