**BlueGate Partners with GEM Realty Capital in $250 Million Joint Venture**
Charlotte-based BlueGate Boat & RV Storage has announced the formation of a $250 million joint venture with GEM Realty Capital. The partnership is aimed at accelerating acquisitions and development of recreational storage facilities across the United States. In North Carolina, BlueGate currently operates storage sites in Mooresville and Advance.
“Our company’s sight is fixed on becoming the leading owner and operator of high-quality, fully dedicated recreational storage facilities,” said Neil Dyer, President of BlueGate.
BlueGate currently owns and operates 14 storage facilities and two marinas in six states. The company is actively expanding, with two additional properties under construction. Its portfolio comprises approximately 1.98 million square feet of rentable storage space, including over 3,500 RV and boat storage spaces and nearly 495,000 linear feet of marina capacity across 583 slips.
New BlueGate-operated facilities in Christiana, Tennessee, and Bonita Springs, Florida, are slated to open by mid-June 2025.
As part of its long-term growth strategy, BlueGate is continuing to target markets with high concentrations of RV and boat ownership.
