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Self-Storage Innovator 10 Federal Raises $32mm, Adds Sixth Asset to Fund Portfolio and Three Executive Leaders 

Self-storage operator 10 Federal has acquired the ASAP Storage portfolio, which includes three properties located in Temple and Villa Rica, GA totaling 96,000 net rentable square feet. The acquisition marks the sixth asset purchased by the 10FSSAC4 fund.

The blended acquisition price square foot basis was $78/sqft, compared to the $134/sqft at which a recent portfolio of properties 10 Federal sold in the Atlanta MSA in 2022. 

To support its continued growth, 10 Federal has added three key executives to its leadership team. 

Brian Oakley is Vice President of Technology, bringing more than 15 years of experience in technology strategy, development, and operations. Trent Erickson is Vice President of Accounting, with more than 20 years of experience in public accounting, financial reporting, and business operations. Kris Gunther is Vice President of Human Resources, a seasoned HR executive with experience in talent management and organizational development.


Inside The Story

About Angela Noote

Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.

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