The Storage Place

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Location: Dallas, TX
Description: 550 unit self-storage facility with on site management.
Website www.storageplace-ss.com
Investment Date: 2006
Opportunity: Distressed land on regional collector could be entitled and converted to “high returns on capital” use.
Investment Thesis: Jurisdictional approvals could be obtained disallowing competitors within reasonable property radius, assuring longevity of returns on capital.
Status/Results: Project returned capital and generated 20%+ IRR to date.