SAFStor Launches Investment Fund To Develop Three Facilities

SAFStor, a national self-storage developer founded in 2017, has launched its latest Regulation D 506(c) offering, SAFHarbor Opportunity Fund, LLC. The Fund intends to raise $23 million from accredited investors for the development of three self-storage facilities in strategic locations across the United States.

The Fund plans to develop its Gen-V self-storage facility at the following three sites:

• Morrisville, Pennsylvania: A 3.0-acre site to be developed into an 861-unit self-storage facility.
• El Paso, Texas: A 1.8-acre vacant land site to be developed into a 795-unit self-storage facility.
• Danbury, Connecticut: An 1.8-acre site to be developed into a 692-unit self-storage facility.
  
  

On each site, the Fund seeks to develop institutional quality, fifth-generation self-storage facilities. The facilities will average approximately 103,000 gross square feet and will offer 100 percent climate-controlled storage units with additional amenities such as controlled gate access and video surveillance. Location operations will be conducted by national brand managers CubeSmart and Extra Space Storage.

“We are excited to launch SAFHarbor Opportunity Fund, LLC,” said Andrew Young, SAFStor’s CEO and co-founder. “Self-storage is a historically resilient asset class that offers a variety of potential benefits. Given our team’s extensive experience and relationships, we believe we may offer our partners and investors a unique opportunity in an often-overlooked space.”

Each site will be owned by the Fund through a joint venture with SAFStor SH Holdings, LLC (the sole member of the Fund’s manager) with the goal of preserving and growing investors capital through the development, operation, and sale of the self-storage facilities. The Fund is targeting a 10 percent preferred return and a three- to eight-year hold. The Fund has an investment minimum of $50,000.

In addition to its responsibilities to partners and investors, SAFStor integrates community-focused initiatives into each development project. These commitments include utilizing low-impact designs, allocating storage units for families experiencing hardship, and in some cases hosting a police substation to help enhance neighborhood safety.

To learn more about SAFStor and SAFHarbor Opportunity Fund, LLC, please visit www.safharborfund.com or call 614.973.9830.