Self-storage investor and developer DXD Capital recently broke ground on a 1,100-unit self-storage facility located at the corner of West Sahara and South Monte Cristo Way in Las Vegas. Designed by Studio Level 1 with Arco Murray serving as the general contractor, the new facility is slated for completion and opening in third quarter 2022.
The 1.7-acre parcel was acquired in January 2021 through its fund DXD Self Storage Fund I which it launched in November 2020. It is raising $50 million which will be used to primarily invest in ground-up development of class-A multistory climate-controlled self-storage facilities.
“The self-storage industry continues to grow not only during this turbulent economic time but starting pre-pandemic,” said Drew Dolan, DXD Capital principal and fund manager. “As the industry evolves, we will continue to see emerging markets like Las Vegas where fundamentals continue to get stronger. As a technology-driven self-storage investor, we will continue to bet on the potential of markets and submarkets throughout the United States.”
Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM.
In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.