VanWest Partners Launches Reg D Self Storage Fund with Two Acquisitions
VanWest Partners, an opportunistic investment firm, has launched VanWest Storage Fund I LLC, a $10 million Regulation D offering focused on investing in self-storage facilities.
VanWest Partners, an opportunistic investment firm, has launched VanWest Storage Fund I LLC, a $10 million Regulation D offering focused on investing in self-storage facilities. According to a filing with the Securities and Exchange Commission, the fund raised nearly $1.7 million from 10 investors, as of June 28, 2019.
In addition, VanWest Storage Fund purchased two self-storage facilities located in the Greater Pensacola, Florida market, including American Mini Self Storage in Pensacola and Florosa Self Storage in Mary Esther. Together, the assets total more than 85,000 square feet.
“We create value for investors and partners by acquiring undermanaged self-storage facilities, rebranding the facility, optimizing expenses, and driving revenue growth,” said Jacob Vanderslice, managing partner of VanWest.
VanWest Partners specializes in commercial and residential real estate within the United States. The firm and its affiliates have invested in 13 self-storage projects totaling more than 765,000 rentable square feet, and projects include multistory ground-up development, adaptive reuse, and value-add to existing facilities.
