Madison Capital Markets Group, a real estate investment and development firm that operates the Go Store It Self Storage brand, has closed its $21 million Delaware Statutory Trust focused on self-storage assets in Texas. The fund is anchored by a portfolio of three facilities in Whitney, according to a press release.
The properties at 401 N. Brazos St., 101 E. Adams Ave. and 700 FM 2604 total 246,775 rentable square feet in 1,484 storage units. They’re one hour south of the Dallas-Fort Worth Metropolitan Area, near Lake Whitney, the release stated.
“We are very pleased with the velocity of the raise on this offering,” said Michael Crimmins, president. “Our broker-dealer partners have been instrumental in this success. We look forward to achieving all of our investment objectives within the offering.”
Based in Charlotte, North Carolina, Madison Capital primarily focuses on boat/RV storage, multi-family and self-storage properties. It operates 146 Go Store It facilities in 23 states totaling more than 10 million square feet.
