Growth Fund 2 — A Progress Report | The AAA Storage Podcast #45
Eight months after breaking escrow, Paul Bennett gives a project-by-project update on Growth Fund 2 — AAA Storage's $40 million ground-up development fund across Texas and North Carolina.
Paul walks through where each of the fund's six active projects stands, why the national self-storage development pipeline keeps shrinking, and why he thinks that sets up a seller's market later this decade. He also shares an early read on Growth Fund 1's performance and explains how AAA Storage manufactures value through development rather than relying on appreciation.
Ready to talk about your investment strategy? Reach out at https://www.aaastorageinvestments.com/contact
New episodes every two weeks. Subscribe on Apple Podcasts, Spotify, or wherever you listen to podcasts, and send this to an investor in your network who needs to hear it.
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Download our free guides to take your investing to the next level:
10 Due Diligence Questions to Vet Any Real Estate Sponsor: https://www.aaastorageinvestments.com/info/10-due-diligence-questions-to-vet-any-real-estate-sponsor
First-Time Real Estate Syndication Investor Checklist: https://www.aaastorageinvestments.com/info/first-time-real-estate-syndication-investor-checklist
Chapters
[00:00] Introduction
[00:16] Growth Fund 2 overview: $40 million across seven storage and four small-bay projects
[01:00] Why the self-storage development pipeline is shrinking
[03:45] Eight months in
[04:00] Huffmeister and Buda: the first two projects near initial lease-up
[06:00] Elgin and Hutto: the fund's best financing yet, and a Samsung-driven pivot to small-bay
[10:00] Six projects, eleven planned
[12:00] Cap rates, cycles, and the return of institutional buyers
[13:57] Growth Fund 1's track record, and why Fund 2 is still raising capital
[16:00] How AAA Storage manufactures value and the target return for investors
Paul walks through where each of the fund's six active projects stands, why the national self-storage development pipeline keeps shrinking, and why he thinks that sets up a seller's market later this decade. He also shares an early read on Growth Fund 1's performance and explains how AAA Storage manufactures value through development rather than relying on appreciation.
Ready to talk about your investment strategy? Reach out at https://www.aaastorageinvestments.com/contact
New episodes every two weeks. Subscribe on Apple Podcasts, Spotify, or wherever you listen to podcasts, and send this to an investor in your network who needs to hear it.
Follow and Connect with Us
• LinkedIn: https://www.linkedin.com/company/aaa-storage-investments/
• Instagram: https://www.instagram.com/aaastorageinvestments/
• X: https://x.com/investments_aaa
• Facebook: https://www.facebook.com/people/AAA-Storage-Investments-LLC/61575027573292/
Download our free guides to take your investing to the next level:
10 Due Diligence Questions to Vet Any Real Estate Sponsor: https://www.aaastorageinvestments.com/info/10-due-diligence-questions-to-vet-any-real-estate-sponsor
First-Time Real Estate Syndication Investor Checklist: https://www.aaastorageinvestments.com/info/first-time-real-estate-syndication-investor-checklist
Chapters
[00:00] Introduction
[00:16] Growth Fund 2 overview: $40 million across seven storage and four small-bay projects
[01:00] Why the self-storage development pipeline is shrinking
[03:45] Eight months in
[04:00] Huffmeister and Buda: the first two projects near initial lease-up
[06:00] Elgin and Hutto: the fund's best financing yet, and a Samsung-driven pivot to small-bay
[10:00] Six projects, eleven planned
[12:00] Cap rates, cycles, and the return of institutional buyers
[13:57] Growth Fund 1's track record, and why Fund 2 is still raising capital
[16:00] How AAA Storage manufactures value and the target return for investors
Creators and Guests
