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Real Estate Investment Firm Patriot Holdings Launches Funds to Acquire and Develop Self-Storage

Update 7/6/22 – Patriot Holdings has launched Patriot Fund III to run concurrently with its second fund; however, this third vehicle is directed toward investors interested in longer-term projects. Fund III will pursue land acquisitions as well as industrial and self-storage developments, according to a press release.

“We see a tremendous opportunity today to not just acquire existing facilities, but to develop facilities from the ground up in locations with limited competition [as well as] a demographic profile that matches the profiles of our most successful self-storage and industrial facilities already in the market,” said Jeremiah Boucher, CEO. “The purpose of this fund is to segment the investors that are interested in longer-term projects with long-term value appreciation opportunities, as opposed to more cash-flow focused funds like our first and second fund.”

The company intends to close Fund III by year-end and has begun identifying land opportunities suitable for development, the release state.

Patriot owns more than 70 properties with a combined portfolio of more than 2 million square feet of commercial space.


12/17/21 – Real estate development and investment firm Patriot Holdings LLC has launched Patriot Fund II to acquire and develop industrial, manufactured-housing and self-storage facilities nationwide. The company expects to raise up to $25 million from investors, with a minimum stake of $50,000 per individual, according to a press release.

“The strategy of the Patriot Fund II will be to acquire off-market assets owned by non-institutional owners, located in stable or growing economies,” company officials said. “There is a limited window of opportunity for these value-add assets to be bought and sold because institutional buyers and private-equity companies are entering the sector and overpaying for mom-and-pop owned assets that have tremendous upside.”

Patriot’s self-storage interests are operated under the All-Purpose Storage brand, which is headquartered in Keene, New Hampshire. The company has a portfolio of 37 New England facilities comprising more than 910,000 square feet.

The company’s first fund raised $15 million and was closed to new investors in May. It has produced a 15.7% cash-on-cash return for investments made by Jan. 1, 2020. Patriot expects many of its existing investors to reinvest in Fund II, the release stated.

Patriot is based in Las Vegas. Its full real estate portfolio includes more than $150 million in assets across 16 states.

Sources:
PR Newswire, Patriot Holdings Launches $25MM Fund III Dedicated to Development Projects in High Demand Areas
PR Newswire, Patriot Holdings Launches $25MM Patriot Fund II to Acquire Manufactured Housing, Self-Storage, and Industrial Assets

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