Self-Storage Investment Firm Spartan Launches Delaware Statutory Trust

Spartan Investment Group LLC, a privately held real estate investment firm that specializes in self-storage and operates the FreeUp Storage brand, has launched a Delaware Statutory Trust (DST) that’ll allow 1031-exchange investors to pool their assets for real estate investments, according to a press release.

“At Spartan, we operate with a longer-term strategy in mind. The launch of the DST provides a way for 1031-exchange investors to participate in institutional-quality self-storage investments in a tax-deferred manner,” said Ryan Gibson, chief investment officer. “This allows us to expand our investment offerings and, over time, contribute to the growth of our quality portfolio, brand and team.”

Spartan’s first DST investment offering provides investors with cash flow and profit from sale. It includes a 120,000-square-foot property containing 969 units. As the firm’s DST is a single-asset deal, cash investors looking for a one-off investment can also participate.

In March, Spartan launched three investment funds to pursue acquisition, development and debt opportunities nationwide. The funds were open to accredited investors with a minimum investment of $50,000. To date, Spartan’s network of 5,000 investors have raised $250 million to acquire nearly 60 facilities, according to company officials.

Founded in 2014 and based in Golden, Colorado, Spartan operates more 65 self-storage facilities nationwide.