SROA Capital (SROA), a vertically integrated real estate investment and technology firm specializing in self-storage, has held a final closing for its SROA Capital Fund IX, LP, together with its parallel vehicles, (Fund IX).
Fund IX is focused on equity investments in self-storage within the United States, with total primary fund commitments of approximately $865 million and approximately $250 million in co-investment commitments from limited partners. Fund IX is SROA’s largest fund to date, exceeding its $750 million target.
“The close of Fund IX demonstrates the confidence our investors have in our strategy, platform and team,” said Benjamin S. Macfarland, III, CEO and founder of SROA. “Fund IX is well-positioned to capitalize on what we view as an exceptional buying opportunity as we enter a new real estate cycle. We appreciate the trust our limited partners have placed in SROA, and we intend to build upon our decade-plus long track record of providing stron
