Taylor/Theus Holdings enters into programmatic JV with Iron Point Partners
Taylor/Theus Holdings has entered into a new programmatic joint venture with Iron Point Partners to develop, renovate, convert and/or acquire self-storage properties on a national basis, capitalizing on its existing pipeline and the disruption in the market caused by COVID-19.
The venture will focus on micro-market locations that exhibit high barriers-to-entry, limited existing competition and compelling demographics. At closing, the venture will be seeded with two ground-up development sites located in Atlanta. Iron Point will initially commit $50 million of equity to allow the venture to acquire approximately $150 million of assets, inclusive of leverage, with capacity to upsize as market conditions warrant.