Wednesday, January 31, 2024

DXD Capital acquires seven-facility self-storage portfolio in Grand Junction, CO

 


 GRAND JUNCTION, CO.—DXD Capital, a self storage private equity investor has announced that it has acquired a 7-facility self storage portfolio, totaling 923 units in Grand Junction, CO.

Drew Dolan
The price  was not disclosed.The properties are located within five miles of each other in Mesa County.

The seven facilities total 135,588 net rentable square feet (NRSF) and were acquired through DXD Self Storage Fund II, which launched in 2022, and has invested in seven self storage projects across the United States to date.

This fund invests in both ground-up development of Class A, multistory, climate-controlled self-storage facilities, and value-added acquisitions. DXD Capital, through its Fund II vehicle, will deploy approximately $200 million of equity into self storage through 2025.

Adam Schlosser 
“We are excited to enter the Western Slope marketplace with this acquisition and to be a part of Grand Junction's growth," said Drew Dolan, Principal and Fund Manager.

"With offices nearby in Denver and Albuquerque, this investment is in our backyard. Controlling 25% of the self storage market is a real advantage. With this market share, we can really affect a market in a way that's best for our investment.”

DXD has hired StoragePro, a top-ten storage operator, to third-party manage the seven facilities.


 There are several capital improvements planned, including increased security measures and ADA paving projects at some facilities. The properties will continue to operate under the Hill and Home Storage brand. 

Thomas Parsons
Adam Schlosser and Thomas Parsons of Marcus & Millichap represented DXD Capital.

DXD Capital

DXD Capital, founded in September 2020, is a data-driven real estate private equity company, focused solely on the self storage sector. DXD utilizes unprecedented access to data and proprietary tools to source best-in-class investments for its investors..

 

 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

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