SROA Capital, LLC recently caught the attention of notable self-storage publications and real estate investment sources with its 50 property acquisition across six states, adding over 3 million-square-foot to its portfolio. SROA Capital Fund VII LP — a joint venture between investment and state-pension funds, funded the deal for these established properties.
Newmark Knight Frank (NKF), a trusted commercial real estate advisory firm represented the seller. Aaron Swerdlin, NKF, Vice Chairman was quoted in the Sparefoot article, saying SROA’s “deal ranks as the largest widely marketed, non-merger transaction” in the history of the self-storage industry.
Inside Self-storage (ISS) posted SROA’s self-storage newsflash publicizing NKF, Vice Chairman, Swerdlin, comment on “the level of interests generated by the portfolio transaction is a strong indicator of the health of the self-storage market.”
Commercial Property Executive (CPE) joined the online editorials to announce SROA’s acquisitions within the states of Tennessee, Georgia, North Carolina, South Carolina, Michigan, and Florida. Commercial and residential tenants in need of easy storage access and modernized self-storage units in their local area will find an SROA facility just around the corner.
The recent events are demonstrations of SROA’s real estate investment strategy successes. We concur with NKF, Vice Chairman, Swerdlin’s statement on “self-storage remaining one of the strongest product types in this market sector — one in which institutional investors are still eagerly interested in.” We’re happy to confirm that this transaction expands the rentable square footage in SROA’s portfolio, adding over 21,000 rental units to the SROA self-storage brand.
As the company’s core asset investment, the current market conditions for self-storage investments promise good growth heading into the future. These new facilities add investment diversification in different geographical locations for our investors.
At SROA, like NKF, we believe the upward trend for self-storage investments over other commercial real estate investments will continue. Our future commercial real estate strategies will continue to influence the self-storage investment opportunities by taking advantage of the current market trends. The growth is expected to be positive based on the driving force of urbanization and steady economics across the U.S. real estate investment markets. As of now, the self-storage segment of commercial real estate is healthy, and the market demand for storage space is stronger than ever.
Based in West Palm Beach, Florida, SROA Capital is a real estate investment firm concentrating on self-storage operations, acquisitions, and direct-equity investments. SROA Capital will continue implementing its integrated asset management systems and best business practices to increase investment growth intended to boost the self-storage facility’s net operating income (NOI). Of course, improved NOIs are attracting investors along with strong 2019 first-quarter performances, positive second-quarter market predictions and industry expectations of augmented investment returns.
SROA’s team consist of real estate investor and entrepreneur Benjamin Macfarland teamed with Sidney Kohl, co-founder of Kohl’s Department Stores, and James Jenkins, co-founder of the finance and investment firm Alliant Company. Investors with questions or interest need to contact our office.