Sponsored By

January 24, 2024

1 Min Read

Mitra Investment Partners, a private real estate investment manager that operates the Forward Storage brand, raised $36 million in nine months for its inaugural investment fund, which will target industrial-flex and self-storage assets nationwide. The initial goal was $25 million. Mitra has already executed 10 acquisitions comprising 356,000 net rentable square feet in seven states, according to a press release.

“This successful fundraise empowers Mitra to execute our strategy and expand our platform. It is a testament to investor confidence in our ability to cultivate unique opportunities, as evident through the stellar performance of our initial investments, coupled with the uniqueness of our innovative fund structure,” said cofounder Sumeet Patel. “We are deeply appreciative of the support of our approximately 170 investors, and remain committed to delivering attractive returns with disciplined risk management."

“We intentionally built both Mitra and Forward Storage from the ground up and have enhanced our capacity to effectively match capital with the boundless opportunities before us,” added cofounder Praveen Reddy. “Our success is driven by an exceptional team coupling creative thinking with investment precision, all while we sustain an unwavering focus on operational excellence. We are thrilled to continue delivering exceptional results on behalf of our investors."

Mitra specializes in the acquisition and operation of self-storage and industrial-flex assets in select markets. It manages $100 million in real estate assets, spanning a million square feet across 12 states.

Source: PR Newswire, Mitra Investment Partners Secures $36 Million for Inaugural Fund Targeting Self-Storage and Industrial-Flex Real Estate       

Subscribe to Our Weekly Newsletter
ISS is the most comprehensive source for self-storage news, feature stories, videos and more.

You May Also Like