Madison Capital Group Launches $250M Go Store It Opportunity Fund for Self-Storage Investments Across the Sun Belt
November 14, 2024
Madison Capital Group, the real estate investment and development firm that operates the Go Store It Self Storage brand, has launched a $250 million investment-opportunity fund to acquire and develop a diversified self-storage portfolio across Sun Belt states. The company will also oversee the fund’s strategy, according to a press release.
Go Store It Opportunity Fund LP will focus on acquiring three types of self-storage assets:
Underperforming, locally owned facilities with the potential for rental-rate growth and other operational improvements
Newer properties whose value can be improved as they stabilize
Sites in areas with strong occupancy rates
On the development side, the fund will target high-demand markets, with the intention to build in suburban, urban-fringe and urban-core areas, the release stated.
“Self-storage has proven its strength through various economic cycles, and we see tremendous opportunity in the Sun Belt’s high-growth markets,” said CEO Ryan Hanks. “Through this opportunity fund, we’re building on Go Store It’s operational expertise and employing a diversified investment approach to deliver significant value for our investors, while meeting the rising demand for self-storage solutions in some of the country’s most dynamic regions.”
Based in Charlotte, North Carolina, Madison Capital primarily focuses on boat/RV storage, multi-family and self-storage properties. It operates 96 Go Store It facilities in 17 states.
Source: citybiz, Madison Capital Group Launches Go Store It Opportunity Fund, Targeting $250 Million in Self-Storage Investment Across The Sun Belt
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