Madison Capital Launches $250M Sun Belt Self-Storage Fund

Madison Capital Group Holdings, LLC, has launched the Go Store It Opportunity Fund, LP, a $250 million initiative aimed at acquiring and developing a diversified portfolio across high-growth Sun Belt markets, with a focus on Florida, North Carolina and Georgia.

The fund encompasses a strategy that value-add acquisitions of under-managed, locally owned facilities with below-market rents, creating potential for rental growth and operational improvements. The fund will also pursue pre-stabilized acquisitions, enabling it to acquire properties at a discount, with valuations nearing replacement cost and potential for improved cap rates as the properties stabilize. The fund will also target stabilized assets with strong occupancy rates, providing incremental growth in high-demand areas.

The fund also integrates a development component to construct high-quality storage facilities in select markets with favorable supply-demand dynamics. By strategically building in suburban, urban fringe, and urban core areas, the fund aims to meet diverse storage needs across communities in the Sun Belt.

“Self-storage has proven its strength through various economic cycles, and we see tremendous opportunity in the Sun Belt’s high-growth markets,” said Ryan Hanks, CEO of Madison Capital Group.

Go Store It Self-Storage, an affiliate of Madison Capital Group, will oversee the fund’s strategy.

The U.S. self-storage market is currently valued at $44.33 billion, with projected growth of 16% through 2029, according to Charlotte, NC-based Madison Capital.