Spartan Investment Group founders Scott Lewis & Ryan Gibson
Spartan Investment Group has wrapped up the first half of the year having acquired eight properties and raised over $35 million in capital. Scott Lewis, Spartan CEO and co-founder, made the announcement.
“Following a year of significant growth for the firm, we set clear objectives to build on this momentum through a targeted acquisition strategy that included plans to purchase both new developments and existing properties,” said Lewis. “In just six months, we’ve acquired eight properties and have plans to acquire 13 more, which has allowed us to establish ourselves in markets like Lincoln, Nebraska for the first time and increase our reach in existing markets like the Pacific Northwest. These acquisitions are carefully selected to not only meet our expansion goals from the beginning of the year, but also provide long-term value for our investors.”
Spartan’s eight facility acquisitions during the first six months of the year span across four markets. Totaling 537,407 square feet of self-storage space across 3,876 rentable units, the properties acquired are located in burgeoning secondary and tertiary markets throughout the U.S., including West Virginia, Nebraska, Northwest Arkansas and the Pacific Northwest.
Over the last several years, Spartan has expanded its portfolio of self-storage facilities across the country extensively — tapping its in-house construction and operations team to develop and manage them. The firm’s footprint will continue to grow as 2025 progresses, with 13 properties – totaling over 900,000 net rentable square feet and more than 6,000 units – currently under contract and expected to close in Q3.