SROA Capital, a vertically integrated real estate investment and technology company focused on investing in self-storage, has closed its eighth flagship fund, SROA Capital Fund VIII.
At $650 million in equity commitments, Fund VIII marks the firm’s largest fund to date, having surpassed its $500 million fundraising target. The firm also raised $200 million from limited partners for co-investments alongside Fund VIII.
The investor base was composed of a diverse group of major real estate investors, including public and private pensions, insurance companies, foundations, global asset managers, wealth managers and family offices in North America, Latin America and Europe.
“Investors in search of yield have gravitated to self-storage due to its ability to generate consistent growing dividends and to protect against inflation,” said Benjamin Macfarland III, CEO and founder of SROA Capital. “This is a major reason why storage outperformed other real estate ass
