
Spartan Investment Group Closes Multiple Self-Storage Deals
Spartan Investment Group has closed three self-storage deals in the firm’s Growth Fund, including one in Kingsland, GA.
“At a time when it is challenging to secure loans, find equity, or fund new construction, we’re forging ahead in a strategic direction with our deals,” said Spartan CIO, Ryan Gibson. “We are thrilled to add these three deals to our Growth Fund portfolio as they are all in fast-growing markets with the opportunity to add value, and thus, develop strong returns for our investors.”
The Kingsland location is a new Class A facility with 333 units and more than 30,000 rentable square feet. The Spartan team will transition the property into the FreeUp Storage brand, the national banner in which Spartan manages its 66-property portfolio, and expects to expand the facility’s footprint by an additional 20,000 square feet.
The other locations are in Belleview, FL and Pea Ridge AR.
- ◦Sale/Acquisition