Skyway Capital Markets served as Managing Dealer for the Birmingham, Alabama-based Leitbox Portfolio Partners Self Storage Fund I, raising $25.0 million.
The fund intends to develop, acquire, own and operate self-storage properties and mixed-use properties that include a self-storage component. Self-storage properties encompass a broad range of storage types, including residential, commercial, student, data, military, boat, car, recreational vehicles, wine and luxury goods, and commercial cold storage. Mixed-use properties may include, in addition to a self-storage component, retail, restaurant, office, data center, and residential components.
The focus is mitigated risk, programmatic development and value-add acquisitions targeting conversions and ‘mom & pops’ facilities located in high barrier to entry markets throughout the United States.