Sunday, November 21, 2021

DXD Capital and Insite Property Group purchase land on Oahu, Hawaii to develop Class-A storage facility

 

 HONOLULU, Hawaii—DXD Capital, a self storage investor and developer, purchased 2.34 acres of land with joint venture partner, InSite Property Group, in the Kapolei Business Park located on Kalaeloa Boulevard in Kapolei, Hawaii.

 InSite will develop and operate the asset for the partnership under their SecureSpace brand. 

Construction on the new 853-unit facility is scheduled to begin development in August 2022 with opening scheduled for September 2023. 

“While the pandemic and other economic changes have helped with the growth of self storage, we are confident in the long-term trajectory of the industry,” said Drew Dolan, DXD Capital Principal and Fund Manager.

Drew Dolan

“Oahu, and Kapolei in particularly, has exemplary fundamentals and demand to warrant a new self storage facility.”

This property was acquired through DXD Self Storage Fund I which it launched in November 2020.  The $50 million fund will be used to primarily invest in ground-up development of Class A, multi-story, climate-controlled self storage facilities across the United States. 

This acquisition comes a few months after DXD Capital broke ground on 1,100-unit self storage facility in Las Vegas, Nevada and another in Litchfield Park, Arizona.

 DXD Capital has begun development on three facilities this year that will total 3,299 units.

Keith Wetzel

Keith Wetzel, InSite Property Group Partner went on to say “We are excited to partner with DXD Capital to develop a Class A self storage facility in Oahu, our third property in the market. 

"The property will have excellent visibility on Kalaeloa Boulevard to serve the fast-growing City of Kapolei.”

 CONTACT:

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”

www.dxd.capital.

https://www.InsitePG.com 

 

Arnold Schwarzenegger and Maria Shriver’s Longtime California Home up for Sale at $11 Million

 

LOS ANGELES, CA, Pacific Palisades Neighborhood -- Privately tucked away on a country lane that meanders off of Sunset Boulevard in Los Angeles is a small community of 16 secluded homes that has attracted world-famous politicians, actors and industry leaders.

One house on the sparsely populated lane was previously the home of California Gov. Arnold Schwarzenegger and his then-wife, Maria Shriver.


Arnold Schwarzenegger

Maria is a world-famous journalist and former host of several television news shows and the daughter of Eunice Kennedy and Sargent Shriver.


Maria Shriver

The home is now being sold by its current owners, attorney-and author Maxwell Kennedy, who is the son of Robert and Ethel Kennedy, and his wife, Vicki Strauss Kennedy.

 

It is priced at $11 million.

Maxwell Kennedy
 

Nicely located on 1.75 acres between Will Rogers Historic Park and Rustic Canyon Creek, the 4,177-square-foot home, a mixture of New England and California-contemporary, was built in 1981.

 

Rita Wilson

The neighborhood is zoned equestrian with a meandering, picturesque creek and several footbridges, riding and hiking trails. 


Michelle Pfeiffer

The five-bedroom home has six baths, airy rooms with large windows and skylights, three fireplaces, a cheery kitchen and an adjoining family room. 


Steven Spielberg

There is a sauna, spa, grotto-style pool and a lighted tennis court in a setting of ancient oak, sycamore and eucalyptus trees.


Tom Hanks

 

The home in L.A.’s Pacific Palisades neighborhood was the family home for Schwartzenegger and Shriver and their four children from 1986 until the couple split up after Maria discovered that Arnold had fathered a child with the family’s longtime maid.

 

Dennis Quaid

 

In 2013, the house was sold to Max and Vicki Kennedy for $12.9 million, keeping it somewhat in the Kennedy family.


 Matt Damon
 

Pacific Palisades has been a celebrity residential hotspot for decades, including Steven Spielberg, Tom Hanks and Rita Wilson, Michelle Pfeiffer, and Dennis Quaid.


Ben Affleck

 

  Matt Damon has lived there for years near his friend Ben Affleck but recently moved to New York’s cold winters, leaving Affleck behind to enjoy California’s sunny outdoor living, according to TopTenRealEstateDeals.com


 Billy Rose 
 

The house is listed by Billy Rose and Santiago Arana of The Agency, Beverly Hills.

 

 

 

CONTACT:

 

Genelle C. Brown
Content Manager, Media Division
TopTenRealEstateDeals.com
Phone:  336-459-3725
Twitter:  @toptenrealestat
Facebook.com/toptenrealestat

 

Photos:  https://www.dropbox.com/sh/ykzztugfsy0h8s4/AABK__KRfGoLkhL-ynEci9R0a?dl=0 
Photo credit:   Marc Angeles
Sources:  TopTenRealEstateDeals.com

and www.theagencyre.com