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1/14/22
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DXD Capital, a self-storage investor and developer, has closed its inaugural fund that launched in November 2020. The company exceeded its goal by raising $53 mil.
“Over the past several years, we’ve seen the growth of mainstream investment in self storage. We are in the early stages of self storage being an institutionally accepted asset class like office or retail, just better performing,” said Drew Dolan, DXD Capital Principal and Fund Manager. “Exceeding our fundraising goal in this initial fund confirms the belief in our strategy and the asset class.”
Thus far, DXD has invested $10.1 mil to develop ground up Class A, climate-controlled self-storage facilities and is under construction in Las Vegas and Phoenix. The fund currently has 12 approved investments across many states including Florida, New Jersey, Rhode Island and Florida and has purchased a land parcel in Kapolei, Honolulu, Hawaii for a joint venture with InSite Property Group.
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