31 Jul 2020
Atlanta, Georgia - July 2020 --- Boardwalk Development Group (BDG) has launched its third investment fund, Boardwalk Storage Fund III. Like the company’s second fund, Fund III will seek to acquire self storage assets in secondary and tertiary markets throughout the southeastern U.S. These assets will be stable and cash flowing upon acquisition. Through this strategy, BDG intends to acquire 100 stabilized self storage facilities.
Additionally, Boardwalk plans to incorporate the use of kiosks and an interactive website to provide low-cost automation of renting units and accepting payments. By doing so, Boardwalk will have the ability to acquire and cost effectively manage across broader geographies.
BDG has secured funding from a Private Equity group to pursue its acquisition plans.
BDG is an owner, manager and developer of self storage in the southeast US. The company was founded in 2016 by Raj Sheth and has grown to be one of the largest and fastest growing self storage properties owner operators in the country. The company currently has eleven self storage investments and plans to acquire over 100 self storage properties in the next 5 years.
Thunbnail: Photo by Joseph Biscocho on Unsplash
