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Trailblazing in Self-Storage: 10 Federal Raises Over $100M in 4th Offering

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Trailblazing in Self-Storage: 10 Federal Raises Over $100M in 4th Offering

10 Federal reported a significant accomplishment in its latest capital-raising endeavor. Despite the economic challenges of 2023, the company managed to rise above and beyond its $100 million fundraising goal in its fourth self-storage offering. This achievement reflects the confidence and high demand from investors and solidifies 10 Federal’s standing in the self-storage sector.

Despite last year's economic headwinds, the company showcased remarkable resilience, demonstrating a staggering 16% revenue increase for its owned assets. This success underlines 10 Federal’s prowess in navigating testing financial circumstances.

Gratitude for this accomplishment was voiced by 10 Federal’s Co-Founder, Cliff Minsley. He recognized this success as a testament to their investors' trust and belief in their operational excellence and company vision. Minsley also mentioned the company's recognition as one of Juniper Square's top fundraisers in 2023 as a proud moment for the whole team.

The company started the year 2024 on a positive note by raising an extra $11 million in capital in the first quarter alone. Andrew Capranos, the President of 10 Federal Storage, highlighted the company's progress by mentioning its reliance on advanced technology, a committed team, and an expanding list of partnerships.

The original article can be found here.

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🔒📚 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! 📦😊🔑