Crystal View Capital has sold all of the self-storage and manufactured housing assets in its Crystal View Capital Fund I.
The fund acquired 21 assets since its inception in 2014, consisting of self-storage facilities, manufactured housing communities, a bolt-on office, land and retail assets located across the United States.
The fund's capital was fully deployed in 2017, and it began to pursue the sale of assets at the beginning of 2018. The fund made a total of $34 million in distributions. In March 2021, the $3.8 million sale of A Mini Self Storage in Garland, Texas, marked the final sale for the fund.
"Given current market conditions, we have been strategically selling properties out of the fund over the last few years in order to accelerate and maximize returns to our limited partners," said Matthew Ricciardella, founder, principal and managing partner of Crystal View Capital Fund I.
Many investors in Fund I have reinvested in Fund II, which was overs
