Category: Finance News

10 Federal, a leading operator of self-storage facilities, is pleased to announce the successful capital raise of over $27 million during the second quarter of the year for their 4th Self Storage offering. This impressive achievement has propelled the total capital raised by 10 Federal to an impressive $60 million for the year. The substantial capital infusion highlights the strong investor confidence in 10 Federal’s innovative business model and their consistent track record of delivering exceptional returns. These funds will further fuel the company’s growth strategy and facilitate the acquisition…

SROA Capital is hoping to fill some of the lending void as cautious banks pull back from self-storage and other loan deals across the country. In early June, SROA Capital, the private-equity owner and operator of nearly 400 self-storage facilities in the U.S., announced it had completed the first closing of its ninth flagship fund, securing $230 million of capital commitments for its target of $750 million for SROA Capital Fund IX. The West Palm Beach, Florida-based firm also announced that it planned to expand its bridge financing program, with…

Ivanhoé Cambridge alongside another global institutional investor and Safely Store will be investing an initial US$400 million in equity to be deployed nationally over the next few years, with the potential to scale up further over time.” Ivanhoé Cambridge, a global real estate industry leader, is pleased to announce its new strategic partnership with Safely Store Self Storage (“Safely Store”), targeting the self storage sector in the United States, marking its first entry into this alternative industrial asset class. Safely Store is a self storage dedicated investment platform formed by…

We are looking for investment opportunities across the capital stack in self storage. SROA is excited to continue to expand its credit investing prowess to its broader investor base having round-tripped nearly $100MM in credit strategy with strong returns over the past 5 years” – Benjamin S. Macfarland, III (CEO, SROA Capital) SROA Capital (‘SROA’), a vertically integrated real estate investment and technology company focused on investing in self storage, has completed the first closing of its ninth flagship fund, SROA Capital Fund IX (‘Fund IX’) this April. Up to…

EagleBridge Capital has arranged construction/permanent mortgage financing in the amount of $22 million for a new self storage facility property currently under construction in Redding, Connecticut.” The mortgage financing was arranged by EagleBridge Senior Director Brian Walsh who stated that the loan was provided by a major national bank. The self storage facility shall contain 675 fully sprinklered, climate-controlled units ranging in size from 20 to 300+ square feet plus several flex/industrial units. The facility will offer 24/7/365 key card security and gated access security. It will be managed by…

Gantry has secured $40 million of financing to acquire four self storage facilities as the upleg for a strategic 1031 exchange. The portfolio includes three Storelocal Self Storage locations in Tennessee and a U.S. Storage Center in Florida. The assets comprise a total of 286,000 rentable square feet. The assets were assembled in a series of individual acquisitions requiring unique loans in both permanent, bridge and hybrid structures to optimize each financing. Gantry’s Andy Bratt and Amit Tyagi secured the loans on behalf of the borrower, a multi-generational private family.…