The latest offering on RealCrowd’s real estate investment platform is for a self-storage fund with a 22% target internal rate of return (IRR). The $50 million fund is targeting a portfolio of both value-added and new development self-storage opportunities to produce cash flow and substantial capital gains.
Investment Strategy: The fund’s sponsor, Ziff Real Estate Partners, intends to acquire a diverse portfolio of roughly 15 high-quality self-storage properties through the ground-up development of new class-A facilities and purchasing existing facilities that can benefit from improvements and expansion.
The sponsor plans to sell the properties once the portfolio is stabilized and the net operating income is maximized.
Investment Highlights: Storage has proven to be a resilient asset class throughout economic cycles, including the pandemic. The sponsor’s confidence and commitment to the project are clearly demonstrated through its own equity contribution of 50%, up to $25 million.
Minimum investment: $25,000
Target investor IRR: 22%
Preferred return: 8%
Target investment term: 5 to 8 years
View full offering details on RealCrowd
Deal Sponsor: Ziff Real Estate Partners is led by a core team of principals with more than 150 years of combined real estate investment management and operating experience. The company’s previous offerings have resulted in an average IRR of 20.3% and an average annual cash-on-cash return of 12.7%.
How to Invest: Accredited investors can review details and due diligence documents for the ZRP Storage Opportunity Fund by registering for a free account on RealCrowd’s investment platform.
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Photo by JOSHUA COLEMAN on Unsplash
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