investment highlights
- STRONG DEMOGRAPHICS // The Extra Space portfolio is in high-growth Western markets. These locations average populations of approximately 70,000, household incomes above $108,000, and population growth projected at eight percent over the next five years. These demographics are expected to support sustained, long-term demand for self-storage.
- SEASONED PORTFOLIO WITH OPERATIONAL UPSIDE // The portfolio is professionally managed by Extra Space Storage, providing best-in-class operations, revenue management systems, and national marketing reach. Select assets operate below optimal economic occupancy, presenting clear opportunity for revenue growth through lease-up and rate optimization.
- INSTITUTIONAL-QUALITY // The portfolio totals approximately 2,486 units and 342,268 NRSF, consisting of modern, well-maintained facilities, full build-out status, and professional on-site management—creating a scalable operating platform for long-term ownership.
- DIVERSIFIED PORTFOLIO // The portfolio spans two Western states with two assets in Washington and two in Utah, providing a diversified revenue stream while limiting market-specific downside exposure.
- ESTABLISHED DEMAND DRIVERS — SPOKANE & SPOKANE VALLEY // The Washington assets are located along major commuter and retail corridors within established Spokane submarkets, benefiting from residential density, strong regional employment bases, and limited new self-storage supply—supporting consistent leasing activity and long-term demand.
- HIGH-GROWTH, SUPPLY-CONSTRAINED MARKETS — LINDON & HEBER CITY // The Utah assets are positioned in rapidly growing, land-constrained submarkets within Utah County and Wasatch County. Heber City benefits from a large vacation home population with seasonal population nearly doubling the reported Census population. Lindon is minutes away from the 700-acre Utah City, the state’s largest walkable, mixed-used, transit oriented development which broke ground in 2023 and will feature approximately 17,000 residential units when fully developed.
