SROA Capital (SROA), a vertically integrated, self-storage-focused real estate investment manager, has launched SROA Capital Fund X LP (together with its parallel vehicles, Fund X), its latest value-added investment vehicle dedicated to self-storage.
SROA is targeting $750 million in capital commitments to Fund X and will continue its strategy of seeking to acquire undermanaged and undercapitalized portfolios and individual assets with significant net operating income (NOI) growth potential, with the goal of unlocking value through SROA's fully integrated platform, operational optimization initiatives, technology-enabled revenue management and strategic capital improvements.
"We believe that the self-storage roll-up strategy continues to offer a compelling risk-adjusted return profile, supported by a highly fragmented ownership base, a growing user base and a durable, income-oriented cash flow model," sa
