Morningstar, Harrison RE Cap Form JV

Morningstar Properties LLC, a national self-storage operator and developer based in Matthews, N.C. (a suburb of Charlotte), has announced a joint venture with Harrison Real Estate Capital focused on self-storage facilities in the Carolinas.The joint venture plans to develop and acquire a portfolio of assets valued at more than $200 million over the next three years, Morningstar said. The properties will operate under the Morningstar Mini-Storage brand. Harrison RE Capital is a Chicago-based real estate private equity firm. The companies can be found online at http://www.mstarproperties.com and http://www.harrisonst.com.