SROA Capital (SROA), a vertically integrated real estate investment and technology company focused on investing in self-storage, has completed the first closing of its ninth flagship fund, SROA Capital Fund IX (Fund IX).
SROA Capital Fund IX secured $230 million of capital commitments against its $750 million target fund size. Up to 15 percent of the fund will be focused on originating senior bridge loans, mezzanine loans and preferred equity investments to self-storage developers and operators.
“We are looking for investment opportunities across the capital stack in self-storage. SROA is excited to continue to expand its credit investing prowess to its broader investor base having round-tripped nearly $100 million in credit strategy with strong returns over the past 5 years,” said Benjamin S. Macfarland, III, SROA Capital CEO. “The turmoil in the banking sector and volatility in the interest rate environment should be well received in the mark