CubeSmart - Wakefield, RI

Located: 210 Church St, Wakefield, RI 02879

Project Highlights:

• Ground-up development managed by BCP

• 77,000 Square feet of climate and non-climate controlled self-storage

• Grand opening - April 2020

• Sold in August 2021

Project Level Returns:

• 33.1% XIRR

• 2.3x Equity Multiple

• 44.7% Annualized Simple Return

CubeSmart - Cranston, RI

Located: 950 Phenix Ave, Cranston, RI 02921

Project Highlights:

• Ground-up development managed by BCP

• 80,000 Square feet of climate and non-climate controlled self-storage with 6,000 square feet of retail space

• Grand opening - July 2018

• Sold in June 2021

Project Level Return:

• 17.8% XIRR

• 1.7x Equity Multiple

• 19.7% Annualized Simple Return