realestate

Regional Property Management Company Expands Holdings with 13 New Acquisitions

Local Real Estate Firm Expands Portfolio with 13 New Acquisitions

S
partan Investment Group, a Golden-based private real estate investment firm focused on self-storage, closed out 2024 with a significant capital raise of $100 million. This influx of funds enabled the company to expand its portfolio through 13 new property acquisitions and entry into six new markets nationwide.

    According to Spartan's CIO, president, and co-founder, Gibson, the self-storage industry demonstrated resilience in the face of economic headwinds. The firm's rigorous approach to evaluating investment opportunities has been key to its success in scaling its portfolio. The newly acquired properties are strategically located in high-growth areas, poised to meet increasing storage demands while generating substantial value for investors.

    Spartan's 2024 acquisitions comprise 839,859 square feet of self-storage space and 7,446 rentable units across secondary and tertiary markets in the U.S., including Central Florida, Georgia, South Carolina, Tennessee, West Virginia, and the Pacific Northwest. The company has expanded its national footprint through in-house construction and operations capabilities.

    With a strong pipeline and four ground-up development projects underway, Spartan's growth is expected to continue into 2025. Founded in 2014, the firm has established itself as a leading player in the self-storage industry, with over $450 million raised from its network of investors and a portfolio spanning nearly 60 facilities across the U.S.

Regional property management company expands holdings through 13 new acquisitions nationwide.