DXD Capital, a private equity investor and self storage developer based in Albuquerque, has opened a new, climate-controlled storage facility in Bristol, RI. The facility, located at 180 Mount Hope Ave., has 750 individual storage units totaling 61,600 net rentable square feet and features design elements that mimic New England townhomes and are meant to blend in with the surrounding neighborhoods.

“This facility is unique as we designed it to look more like townhomes than traditional self storage because of the uniqueness of the market,” said Drew Dolan, principal and fund manager. “We knew that if we were going to get storage built in a market like Bristol with such high barriers to entry, we had to make a real investment in the community. We are happy to have done that and expect ours to be the last storage facility built on the peninsula.”

Extra Space will manage the facility. Jayeff served as general contractor, and Centreville Bank was the construction lender.

The property was acquired in November 2022 through DXD’s first fund, DXD Self Storage Fund I, which closed in November 2021 with $63 million in capital commitments. The company launched its second fund in June 2022 and has since invested in 10 self storage projects nationwide.