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TPG Capital unit invests US$120m in self-storage firm

LifeStorage deal comes amid rising investor interest in industry that generated US$24b of revenue last year

Seattle

TPG Capital's real estate unit invested US$120 million in a company started by a former Public Storage executive, its first foray into the high-growth self-storage industry.

LifeStorage, based in Roseville, California, will use the money to buy properties in the 50 largest