SAFStor, one of the nation’s largest developers of class-A self-storage, has announced the launch of its latest Regulation D 506(c) offering, SAFHarbor Opportunity Fund, LLC. The company intends to raise $23 million from accredited investors for the development of three self-storage facilities in strategic locations across the United States.
The fund plans to develop its Gen-V self-storage facility at three sites:
An approximately 3.0-acre site located in Morrisville, Pa., to be developed into an 861-unit self-storage facility.
An approximately 1.8-acre vacant site located in El Paso, Texas, to be developed into a 795-unit self-storage facility.
An approximately 1.8-acre site located in Danbury, Conn., to be developed into a 692-unit self-storage facility.
On each site, the fund seeks to develop institutional quality, fifth-generation self-storage facilities. The facilities will average approximately 103,000 gross square feet and
