Spartan Investment Launches Three New Self-Storage Funds Totaling $180M
Golden, CO-based Spartan Investment Group, a privately held real estate firm that specializes in the self-storage industry, has launched three new funds totaling $180 million focused on income, growth and debt.
Each fund gives accredited investors the option to choose how to invest in the self-storage sector based on their “wealth journey, goals and risk-preference,” according to the firm. The fund’s strategy is on building, maintaining or acquiring self-storage facilities in key growth markets across the US.
The Spartan Storage Income Fund is a $75 million fund that invests in value-add facilities; the Spartan Storage Growth Fund is a $45 million fund that invests in opportunistic self-storage facilities; and the Spartan Storage Debt Fund is a $60 million fund that invests in notes for self-storage projects.
The debt fund will focus on “well-vetted ground-up, lease-up, and value-add investment opportunities that Spartan controls,” according to the company.
“We’re thrilled to launch our next series of self-storage investment funds for accredited investors looking for passive investing opportunities that are fit for their specific wealth goals,” said CIO Ryan Gibson
The income and growth funds are expected to open in early March, while the debt fund is slated to open at the end of March.
Founded in 2014, Spartan has a network of more than 9,000 investors, having raised over $250 million to acquire nearly 60 facilities totaling 30,000+ units and $500 million in managed assets.