Crystal View Capital Fund IV is pleased to announce the acquisition of a 135-unit self-storage facility located in Las Vegas, Nevada, approximately 20 minutes from the Firm's corporate office and 4 miles from our storage property in Henderson, NV. This deal was sourced off-market by our in-house acquisitions team and is comprised of approximately 21,928 rentable sq. ft. and has maintained an average occupancy of 98%.

Property Highlights

• Rents have been under market for several years. With a comprehensive market analysis executed by our in-house management team, we have determined the opportunity to increase rents over 30% in the first year.

• With our nearby storage facility only 4-miles away, our ability to implement a synergistic management approach with our current team will allow us to integrate and optimize operational efficiencies and enhance customer service.

• Completion of small CapEx projects such as new street signage and painting to improve curb appeal.

Based on our underwriting and projections, we anticipate this asset delivering a project-level IRR of approximately 22.5%, MOIC of 2.6x, and a cash-on-cash return of 9% over a five-year hold period. With the potential sale of the existing cell tower on property, this would generate a higher return near a 30% IRR.

We are actively seeking capital for the closure of mobile home communities and self-storage facilities in our pipeline, exceeding $65 million. Any new investor contributions are expected to be promptly deployed because of these anticipated acquisitions. For those interested in investing, we invite you to reach out to our team at invest@crystalviewcapital.com.