Inland Buys Joliet Self-Storage Asset In Metro Deal

Inland Real Estate Acquisitions purchased an 859-unit self-storage facility in Joliet, adding a Greater Chicagoland asset to be managed under Devon Self Storage.

Real Estate · September 22, 2026

Inland Real Estate Acquisitions, LLC has purchased an 859-unit self-storage facility in Joliet, Illinois, according to Inland’s corporate press materials and commercial real estate trade coverage from Connect CRE and REBusinessOnline.

The property is in Joliet, about 40 miles southwest of Chicago. Industry reports identify it as a former ExtraSpace Self Storage property that is expected to be branded and managed through Devon Self Storage, a platform within Inland’s portfolio.

Why This Matters For Chicagoland Real Estate

Although this is not a Schaumburg property, the transaction is regionally relevant because Joliet is part of the broader Chicago metro commercial real estate market. Self-storage assets are often tracked alongside industrial and specialty property types because they combine real estate value with day-to-day operating performance.

For readers following the suburban Chicago market, the purchase shows continued investor interest in established storage properties outside the city of Chicago. Joliet’s position in the southwest metro area gives the deal a different local context than a downtown office, retail, or multifamily transaction.

What The Verified Reporting Shows

Buyer: Inland Real Estate Acquisitions, LLC.
Property type: Self-storage facility.
Location: Joliet, Illinois, approximately 40 miles southwest of Chicago.
Scale: 859 storage units, as reported by commercial real estate trade outlets.
Branding and management: The property is expected to operate under the Devon Self Storage platform.
Timeline: Inland’s press room lists the acquisition announcement with a September 10, 2026 date; Connect CRE’s coverage appeared later in September 2026.

What Remains Unclear

The verified research does not provide several details that would help fully size the transaction, including the purchase price, seller terms, occupancy level, site acreage, financing structure, or whether any physical improvements are planned. Without those details, the deal should be viewed as a confirmed acquisition rather than a complete picture of the asset’s financial performance.

It is also important not to overstate the local impact. A single self-storage acquisition does not prove a broad market trend by itself. It does, however, add one data point to ongoing activity in Greater Chicagoland’s commercial property market.

How To Read Self-Storage Deals

For non-specialists, self-storage properties are commercial real estate assets where value can depend on location, unit mix, occupancy, operating costs, management, and local demand. A facility with many units may be substantial, but unit count alone does not reveal profitability or long-term performance.

Readers comparing commercial real estate news should look for whether a report includes confirmed ownership, property location, asset size, operating brand, and any disclosed financial terms. In this case, ownership, location, unit count, and management branding are documented, while pricing and performance metrics were not included in the verified materials.

This article is for general educational purposes only, is not medical advice, and readers should talk with their doctor or another qualified provider about their own health. In an emergency, call 911. This article is an original summary based on information published by Inland Real Estate Group, Connect CRE, and REBusinessOnline.

Sources

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