Joint Venture Plans To Deploy $500 Million Into Sector
Etude Capital and San Felipe Financing LLC, a private real estate entity controlled by Richard D. Kinder, have launched a joint venture that will invest in the self-storage market throughout North America. Etude Storage Partners has a $250 million equity commitment from San Felipe Financing LLC and aims to deploy at least $500 million.
According to the companies’ press release, “Etude Storage Partners is positioned to acquire and provide debt financing to self-storage facilities. The joint venture capitalizes on Etude’s extensive experience investing in and operating real estate portfolios of scale since its founding in 2012. Combining Etude’s self-storage expertise with strong capital backing, Etude Storage Partners has the unique capability to transact on large portfolios quickly and without financing contingencies.”
“For owners looking to sell their business or recapitalize, this partnership enhances Etude’s offer of speed and execution strength, which less nimble and more bureaucratic acquirers cannot match,” said Steven Stein, founder and president of Etude Capital.
More Content
Popular Posts
Recent Posts
Senate Bill 709 (SB709) has many in the...
In January, self-storage industry veteran...
In April 1984, the first non-stop commercial...
Raise your hand if you’ve ever made plans,...
Everyone knows it: Investing in real estate...
They say when one door closes, another one...
Like its name implies, Surprise, Ariz., a...
Self-storage has become as reliant on the...