VOC Partners completed a $15.2M recapitalization of its Lehigh Street self-storage property in Whitehall, Pennsylvania, returning 42% of original invested capital to existing partners while retaining ownership of the asset. The transaction refinanced existing debt and brought in new equity, creating a liquidity event short of an outright sale. The 81,500-square-foot climate-controlled facility comprises 713 units and has reached 58% occupancy since opening in mid-2024. The deal offers a notable example of how self-storage investors can structure returns without divesting stabilizing assets.
Source: PR Newswire (by CISION)
