10 Federal Triumphs with a Noteworthy $96 Million Capital Raise for Self Storage Venture
The respectable self-storage operator 10 Federal has come forward with a significant achievement: a successful capital raise, surpassing $16 million in Q4 for their 4th self-storage offering. The latest milestone has pushed the total capital raised by 10 Federal's fourth offering to an impressive $96 million.
Andrew Capranos, 10 Federal's President, expressed immense gratitude for the unwavering trust shown by their valued investor base, contributing to a cumulative capital raise of $96 million since December 2022. They assert that the confidence and commitment displayed by investors have powered them to pursue their visionary expansion strategies.
By their expansion goals, 10 Federal recently acquired two assets in thriving markets: Greeneville, TN, and Seguin, TX. These new additions, part of the 10 Federal Self Storage Acquisition Company 4, LLC, expand the offering to 13 assets. This expansion reinforces 10 Federal's presence and enhances its economies of scale in such high-growth areas.
Co-founder Cliff Minsley lauded the ongoing advancements in the technology domain at 10 Federal. He reported that their tech team's contribution towards creating user-friendly websites and tenant portals has significantly reduced the rental process time to just 30 seconds, promising a frictionless experience for tenants.
10 Federal continues to showcase its dedication to innovation and maintaining a customer-focused approach. Moving ahead with the curve, they persistently integrate advanced technology, setting a new standard for the self-storage industry.
About 10 Federal:
10 Federal is a trailblazing operator of high-tech, fully automated self-storage facilities. Their portfolio spans 14 states and includes 80 properties, continuing to leverage innovative technology and data-driven insights to create superior self-storage experiences while ensuring great returns for investors.
Meta: Read more about 10 Federal's successful capital raise of $96 million, acquisition of new properties, and commitment to innovation in the self-storage industry.
Original Source: List Self Storage Industry Insights,
🔒📚 Hi! I'm Eric Manning, a self-storage operations nerd and lifelong learner. 🗝️ My articles blend industry know-how with a dash of humor and wisdom. Whether you're a storage newbie or a pro, join me as we explore the world of storage, one witty insight at a time! 📦😊🔑