We’re excited to announce the refinance of our 876-unit self-storage facility in Lambertville, Michigan, a property we acquired in November 2024 from a mom-and-pop owner and operator.

In just 10 months of ownership, our in-house operations team implemented operational improvements and strategic value-add initiatives that resulted in a 63% increase in Net Operating Income (NOI).

This performance allowed us to close on a refinance with a CMBS loan, achieving a 6.24% interest-only, 10-year fixed rate. Through this refinance, we were able to extract approximately 78% of our initial equity capital while still delivering an approximate 8% cash-on-cash return. This financing positions the property for long-term stability while supporting the continued delivery of strong results for our investors.

The same disciplined strategy that drove this success, enhancing operations, unlocking value, and strategically leveraging financing, was also demonstrated in our recent Fund III refinance in Ohio just two weeks ago. We are now applying this same approach across our Fund IV portfolio, which is currently open to new capital.

If you have any questions about this refinance or want to learn more about investing with us, reach out to our team.

Disclaimer: Past performance is not indicative of future results. The investment returns referenced herein, including IRR and MOIC, reflect historical outcomes specific to this asset and are not a guarantee of future performance. This communication is intended for informational purposes only and should not be construed as an offer to sell or a solicitation of an offer to buy any security or investment product. Any offering is made only pursuant to formal offering documents and in accordance with applicable securities laws.