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Spartan Investment Launches Three New Self-Storage Funds Totaling $180M

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.

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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