{"id":763460,"date":"2025-09-16T20:05:01","date_gmt":"2025-09-16T20:05:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=763460"},"modified":"2025-09-16T20:05:01","modified_gmt":"2025-09-16T20:05:01","slug":"hearthfire-holdings-expands-tampa-bay-expansion-with-hudson-fl-acquisition-of-property","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/hearthfire-holdings-expands-tampa-bay-expansion-with-hudson-fl-acquisition-of-property_763460.html","title":{"rendered":"Hearthfire Holdings Expands Tampa Bay Expansion with Hudson, FL Acquisition of Property"},"content":{"rendered":"<div style=\"font-style:italic; padding:8px 0px;\">Company Targets Underserved Segment through Expansion, Proximity, and Demographic Advantage<\/div>\n<p style=\"text-align: justify;\"><strong>PHILADELPHIA, PA&nbsp;&#8211; September 16th, 2025 &#8211;<\/strong>&nbsp;<a rel=\"nofollow\" href=\"https:\/\/hfirecapital.com\/\">Hearthfire Holdings<\/a>, an institutional-quality real estate investment firm that invests in self-storage properties, today announced that it has acquired a strategically located facility in Hudson, Florida, as part of its expanding activity within high-growth markets across the United States.<\/p>\n<p style=\"text-align: justify;\">The building located at 10522 State Road 52 in Hudson has a total of 38,387 rentable square feet in 301 units, and is served by an additional 181 uncovered parking spaces. Built in 1998 and well-maintained by the owner, the complex comprises seven buildings &mdash; one of which is a two-story building with an installed elevator &mdash; and is currently 69% occupied.<\/p>\n<p style=\"text-align: justify;\">&ldquo;This purchase represents everything we look for in a deal: solid demographics, low competition, and significant upside potential,&rdquo; says <a rel=\"nofollow\" href=\"https:\/\/www.linkedin.com\/in\/sergio-altomare-7823294\/\">Sergio Altomare<\/a>, Hearthfire Holdings CEO. &ldquo;Hudson is located in the thriving Tampa Bay market, where demand for climate and non-climate storage is still higher than supply. We see significant opportunity here not only to optimize operations, but to expand and reposition this asset to drive long-term value.&rdquo;<\/p>\n<p style=\"text-align: justify;\"><strong>Market Opportunity<\/strong><\/p>\n<p style=\"text-align: justify;\">The Hudson location is situated in a prime location, with over 42,000 individuals within a 3-mile radius and a median household income of $60,000. Market supply is merely 4.95 square feet per capita, significantly below equilibrium.<\/p>\n<p style=\"text-align: justify;\"><strong>Business Plan<\/strong><\/p>\n<p style=\"text-align: justify;\">Hearthfire will maintain the property under the CubeSmart flag and follow a value-add strategy by:<\/p>\n<ul style=\"text-align: justify;\">\n<li>\n<p>Rent Growth: Turning rates towards market averages through aggressive revenue management.<\/p>\n<\/li>\n<li>\n<p>Expansion: Adding 29,800 net rentable square feet, or approximately 286 new units, leveraging the property&#8217;s 9-acre site.<\/p>\n<\/li>\n<li>\n<p>Conversion Opportunity: Utilizing and reusing existing car wash bays as extra storage units to create additional leasable space.<\/p>\n<\/li>\n<li>\n<p>Operational Improvements: $100,000 will be used for signage and cosmetic upgrades, and CubeSmart will provide professional management to maximize performance.<\/p>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">With CubeSmart&#8217;s national marketing platform, combined with the property&#8217;s desirable location on a busy road (39,000+ vehicles per day) and proximity to multi-family properties, the property is poised to achieve its targeted occupancy rate of 92%, including expansion space, within three years.<\/p>\n<p style=\"text-align: justify;\"><strong>Strategic Fit<\/strong><\/p>\n<p style=\"text-align: justify;\">In line with Hearthfire&#8217;s overall portfolio strategy, the Hudson acquisition establishes Hearthfire&rsquo;s presence in the Tampa Bay market, a top 20 U.S. market that continues to see strong institutional demand for storage assets. The property presents long-term optionality &mdash; either as a standalone high-value disposition or as part of a larger bundled portfolio disposition.<\/p>\n<p style=\"text-align: justify;\">&ldquo;With limited new supply, strong rent growth potential, and scalable expansion options, Hudson fits squarely within our disciplined four-pillar investment approach,&rdquo; added Altomare. &ldquo;It&rsquo;s an exciting addition to our portfolio, and we&rsquo;re confident in its ability to deliver attractive returns for our investors.&rdquo;<\/p>\n<p style=\"text-align: justify;\"><strong>Acknowledgments<\/strong><\/p>\n<p style=\"text-align: justify;\">Hearthfire Holdings would like to extend its gratitude to Aaron Sanchez &amp; team from Skyview Advisors, Santiago Prieto from Terral, our CFO Mike Marron, and members of our acquisitions team: Jeff White, Director of Acquisitions and Portfolio Management; Brad Rafuse, Senior Acquisitions Analyst; and Benjamin Consigli, Portfolio &amp; Acquisitions Analyst. Their contributions were instrumental in completing this acquisition.<\/p>\n<p style=\"text-align: justify;\">Please contact investors@hfireholdings.com for additional information. All media inquiries and interview requests should be directed to Thomas Mustac, Senior Publicist at Otter PR, at <a rel=\"nofollow\" href=\"mailto:thomas.mustac@otterpr.com\">thomas.mustac@otterpr.com<\/a>.<\/p>\n<p style=\"text-align: justify;\"><strong>About Hearthfire Holdings <\/strong><\/p>\n<p style=\"text-align: justify;\">Hearthfire Holdings is a real estate and private equity firm focused on self-storage investments. The company boasts more than $180 million in assets under management and nine successful exits, with an established reputation for selection of markets, operational sophistication, and investor-aligned structures. Led by Sergio Altomare, co-founder and former Executive Director of Technology at the Federal Reserve, Hearthfire applies institutional-level financial management, advanced technology, and highly disciplined real estate execution to locate and monetize underperforming assets and development opportunities.<\/p>\n<p><span style='font-size:18px !important;'>Media Contact<\/span><br \/><strong>Company Name:<\/strong> <a href=\"https:\/\/www.abnewswire.com\/companyname\/otterpr.com_166517.html\" rel=\"nofollow\">Hearthfire Holdings<\/a><br \/><strong>Contact Person:<\/strong> Thomas Mustac<br \/><strong>Email:<\/strong> <a href=\"https:\/\/www.abnewswire.com\/email_contact_us.php?pr=hearthfire-holdings-expands-tampa-bay-expansion-with-hudson-fl-acquisition-of-property\" rel=\"nofollow\">Send Email<\/a><br \/><strong>Country:<\/strong> United States<br \/><strong>Website:<\/strong> <a href=\"http:\/\/otterpr.com\" target=\"_blank\" rel=\"nofollow\">otterpr.com<\/a><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.abnewswire.com\/press_stat.php?pr=hearthfire-holdings-expands-tampa-bay-expansion-with-hudson-fl-acquisition-of-property\" alt=\"\" width=\"1px\" height=\"1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Company Targets Underserved Segment through Expansion, Proximity, and Demographic Advantage PHILADELPHIA, PA&nbsp;&#8211; September 16th, 2025 &#8211;&nbsp;Hearthfire Holdings, an institutional-quality real estate investment firm that invests in self-storage properties, today announced that it has acquired a strategically located facility in Hudson, &hellip; <a href=\"https:\/\/www.abnewswire.com\/pressreleases\/hearthfire-holdings-expands-tampa-bay-expansion-with-hudson-fl-acquisition-of-property_763460.html\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[401,425,427,440,404],"tags":[],"class_list":["post-763460","post","type-post","status-publish","format-standard","hentry","category-Business","category-Finance","category-Personal-Finance","category-Real-Estate","category-US"],"_links":{"self":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/763460","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/comments?post=763460"}],"version-history":[{"count":0,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/763460\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/media?parent=763460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/categories?post=763460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/tags?post=763460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}