10 Federal, a Raleigh, NC-based operator of self-storage facilities, raised over $27m during the second quarter of the year for their 4th Self Storage offering.
This achievement has brought the total capital raised by 10 Federal to $60m the year.
The funds will further accelerate the company’s growth strategy and facilitate the acquisition of self-storage assets in strategic markets.
Led by Cliff Minsley, Co-Founder, and Andrew Capranos, President, 10 Federal is a high-tech operator of self-storage facilities, specializing in fully automated properties with a portfolio spanning 14 states and over 75 properties.
In line with their expansion goals, 10 Federal recently completed the acquisition of a portfolio consisting of three properties located in the Spartanburg, SC market. This acquisition marks the seventh property purchased this year and the eleventh property within 10 Federal Self Storage Acquisition Company 4, LLC.
The Spartanburg portfolio acquisition aligns with 10 Federal’s strategic focus on acquiring properties in high-demand markets with favorable growth dynamics. These properties offer significant upside potential and are poised to capitalize on the strong demand for self-storage solutions in the Spartanburg area.
FinSMEs
13/07/2023