Myers Corners Self Storage
Located in Wappingers Falls, NY in Dutchess County, 169 Myers Corners will be converted into an up to 1,356 Unit Class A climate-controlled self-storage facility managed by national self-storage leader, CubeSmart.
Location
Wappingers Falls, NY
Investment Strategy
Value-Add
Property Type
Self-Storage
Open To
Accredited Investors
Closed Date
Mar 2022
Status
Closed Investment Strategies
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Sponsor Details
Sponsor Designation
CrowdStreet categorizes sponsors based on their experience and track record so our investors can get a sense of the firm behind the deal.
Enterprise
FIRM AGE15+ YEARS
LEADERSHIP EXPERIENCE30+ YEARS
PORTFOLIO VALUE$5 B +
National Platform
Ranked in the top 250 for estimated value of total holdings per Real Capital Analytics
Tenured
FIRM AGE10+ YEARS
LEADERSHIP EXPERIENCE20+ YEARS
PORTFOLIO VALUE$500 MM +
Leadership has invested together over multiple cycles
Dedicated investor relations and accounting staff
Seasoned
FIRM AGE5+ YEARS
LEADERSHIP EXPERIENCE10+ YEARS
PORTFOLIO VALUE$100 MM +
Network of repeat investors
Established banking relationships
Affiliations with national industry associations ULI, NAOIP, CCIM, SIOR or IREM
Emerging
FIRM AGE< 5 YEARS
LEADERSHIP EXPERIENCE2-5 YEARS
PORTFOLIO VALUE< $100 MM +
Strong leadership experience
Experience in the proposed asset class and geographic market
Experience in managing individual investors
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Sponsor Equity
$1,035,617.00
3.7761688930540966%
Investor Equity
$9,320,556.00
33.98553097638289%
Senior Loan Amount
$17,068,898
62.23830013056302%
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Total
$27,425,071
100%
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