Real estate private equity firm Direct Equity Source has announced a strategic partnership with self-storage company AAA Storage. Direct Equity Source, via its recently formed fund, will now be the largest single investor in AAA Storage’s current multi-property Growth Fund I, and significantly expand its self-storage portfolio across the United States.
This partnership combines Direct Equity Source's experience in real estate private equity and with AAA Storage's operational expertise. Direct Equity Source’s investment will expand AAA’s ability to develop, acquire, and manage state-of-the-art self-storage facilities, and office/industrial flex properties in key markets.
According to a press release, AAA’s Growth Fund I will add over six new self-storage facilities and three flex space property locations in Texas, Florida, and North Carolina over the next twelve months.
"We are thrilled to partner with AAA Storage, a leader in the self-storage industry," said Stephen Lawrence, Manager of Direct Equity Source. "This collaboration aligns with our growth strategy and commitment to providing high-quality real estate solutions and investment opportunities."
"Our partnership with Direct Equity Source represents a significant milestone for AAA Storage," added Paul Bennett, President of AAA Storage. "By combining our operational strengths with Direct Equity Source's investment capabilities, we are well-positioned to expand our footprint and serve more customers with top-notch storage solutions."
For more information about this partnership and future projects, please visit www.directequitysource.com.