Spartan Investment Group Closes on Front Range Portfolio

GOLDEN, Colo. Spartan Investment Group (Spartan), a Colorado-based privately held real estate investment firm specializing in self-storage, announced the closing of the Front Range portfolio, including FreeUp Storage Devonshire Blvd. and FreeUp Storage Aspen Park. Spartan CIO, Ryan Gibson, made the announcement.

“Whether it’s a steep mountain range to develop or a tight market for dealmaking, when we set our sights on a plan for growth, we deliver,” said Gibson. “That’s why today, even in the face of economic headwinds, Spartan continues to provide exceptional opportunities to invest and build wealth through self storage.”

The origins of the portfolio date back to 2018, when Spartan purchased FreeUp Storage Aspen Park in Conifer, Colo. from a local military veteran. Afterwards, the firm acquired FreeUp Storage Devonshire Boulevard in Denver, creating the Front Range portfolio.

Spartan didn’t waste any time implementing a value-add strategy. In early 2021, the firm began an ambitious nine-month construction project to add 65 units to the Aspen Park location at 8,500 feet of elevation.

As a result of the sale of the portfolio, Spartan’s first tranche of investors experienced 19.5 percent CoCR, 65.2 percent total CoCR, a return of $82,603 on every $50,000 invested, and an IRR of 18.2 percent.

For more information on investing with Spartan, including the firms recently launched Spartan Storage Funds, visit www.spartan-investors.com/2023-funds.

About Spartan Investment Group

Founded in 2014 and based in Golden, Colorado, Spartan Investment Group is a privately held real estate investment firm specializing in the self-storage industry. With an unwavering commitment to creating value through values, Spartan’s network of over 5K investors have raised $250M+, to acquire nearly 60 facilities totaling 30K+ units and $600M AUM across the United States—all in under a decade. | www.spartan-investors.com.