Spartan Investment Group LLC (SIG), a self-storage development, property-management and real estate firm that operates the FreeUp Storage brand, will launch three investment funds in March to pursue acquisition, development and debt opportunities nationwide. The funds are open to accredited investors with a minimum investment of $50,000, according to a press release.
The Spartan Storage Income Fund is a $75 million equity fund focused on value-add acquisitions, while the Spartan Storage Growth Fund is a $45 million equity fund that’ll target ground-up development and lease-up investment opportunities. At $64 million, the Spartan Storage Debt Fund will offer notes for SIG projects, providing funds for ground-up, lease-up and value-add opportunities under Spartan control, the release stated.
“We’re thrilled to launch our next series of self storage investment funds for accredited investors looking for passive investing opportunities that are fit for their specific wealth goals,” said Ryan Gibson, chief investment officer. “There is a fund option for every investor persona. Whether you’re just starting out on your passive investing journey or a veteran investor with an established portfolio, the self-storage industry continues to be a strong bet to build wealth.”
Though the funds won’t launch until next month, a waiting list is open. Those who invest within the first 45 days will receive “elevated investor positioning or a higher share class,” according to the release.
Founded in 2014 and based in Golden, Colorado, SIG syndicates investor capital to develop real estate. Its network of 9,000-plus investors has raised more than $250 million to amass a self-storage portfolio of about 60 facilities nationwide. The company also has interests in luxury condos and RV parks.
Source: PR Newswire, Spartan Investment Group Launches Three New Self-Storage Funds
