January 27, 2023
Balcomie Capital, a private investment group, has launched a $10 million equity fund that’ll pursue value-add acquisitions and ground-up developments within the self-storage industry. The fund seeks about 40 accredited, high-net-worth investors. Though it has a 12-month investment window, the company expects to close the fund within five months, according to a press release.
“In an inflationary environment, on the edge of a recession, self-storage offers a historically high return with a proven, recession-resistant asset class,” said founder Travis Baucom. “This investment is one of the lowest risk options in the market today.”
The fund is targeting a 20% internal rate of return and to double individual investments in five years, the release stated.
Based in Waco, Texas, Balcomie is a boutique firm that specializes in private investment opportunities that offer tax advantages and a predictable revenue stream. Baucom has more than 10 years of real estate investing experience, according to the release.
Source: Financial Content, Balcomie Capital Announces Launch of Self-Storage Investment Fund
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