Self-Storage and Related Experience
Self-Storage Case Studies
Scaffold Partners and its investors currently own self-storage facilities in Florida, Nebraska, South Carolina, and Texas, as well as two soon-to-be built facilities in Indiana. Below are case studies from some of those investments.
Institutional Acquisition Case Study: Extra Space Storage
Location |
Fort Myers, FL |
Acquisition Date |
June 2023 |
Purchase Price |
$20M |
Rentable SF |
81,335 |
Units |
664 |
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Conversion Case Study: Lexington Kmart
Location |
Lexington, SC |
Acquisition Date |
February 2023 |
Purchase Price |
$5.2M |
Rentable SF |
73,800 |
Units |
674 |
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Legacy Case Studies: Investments in other real estate asset classes
Before focusing exclusively on self-storage, Scaffold Partners invested with its clients in eight multifamily and student housing projects across the country. Six of these properties have sold, yielding an average deal level IRR of 30.5% and an equity multiple of 1.87x, with an average hold time of 33 months. We are proud of our track record of sourcing and stewarding investment opportunities for our investors. For case studies of some of these legacy investments, see below.
Student Housing Case Study:
Carriage House
Location |
Storrs, CT |
Hold Period |
2 years, 2 months |
Purchase Price/Sales Price |
$5.6M/$11.2M |
Internal Rate of Return |
29% |
Equity Multiple |
1.66x |
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Student Housing Case Study:
Amherst Grove
Location |
Sunderland, MA |
Hold Period |
2 years, 8 months |
Purchase Price/Sales Price |
$13.35M/$19M |
Internal Rate of Return |
30.79% |
Equity Multiple |
2x |
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Multifamily Case Study:
The Landing at Woodlawn Tower
Location |
Wichita, KS |
Hold Period |
2 year, 9 months |
Purchase Price/Sales Price |
$8.25M/$14.625M |
Internal Rate of Return |
26.7% |
Equity Multiple |
1.85x |
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