Le Lézard
Classified in: Business
Subjects: TNM, OFR, RLE

10 Federal Self Storage Acquisition Company 2, LLC oversubscribes its offering goal of $30 million in equity and closes its equity raise at $32 million. Acquires 5 additional self-storage facilities


RALEIGH, N.C., Dec. 29, 2020 /PRNewswire/ -- 10 Federal is pleased to announce that the 10 Federal Self Storage Acquisition Company 2, LLC ("10FSSAC2") offering completed its equity raise of $30,000,000 and was oversubscribed by an additional $2 million.  Thus, on December 7th, 2020, the company admitted $2,975,000 as a final round of capital bringing the total capital raised to $32 million

Further, 10 Federal Self Storage Acquisition Company 2, LLC closed on 2 additional self-storage facilities in Columbia, MO in November 2020 and an additional portfolio of 3 facilities in McDonough, GA in December 2020 rounding out 26 acquisitions for the offering totaling over 7,500 storage units.

The goal of 10FSSAC1 & 10FSSAC2 is to acquire, renovate and convert self-storage properties to 10 Federal's unmanned, automated platform.  Once converted, 10 Federal can efficiently and effectively operate the facilities using technology and remote support.

For more information on the offerings please visit-https://invest.10federal.com/properties/

SOURCE 10 Federal


These press releases may also interest you

at 18:00
Drone Delivery Canada Corp. or (the "Company" or "DDC") is pleased to announce its 2023 financial results, and to provide a general corporate update....

at 18:00
Simply Better Brands Corp. ("SBBC" or the "Company") today reported its audited financial results for the year ended December 31, 2023. All amounts are expressed in United States dollars unless otherwise noted. Certain metrics, including those...

at 17:59
M&T Bank Corporation ("M&T") will participate in the RBC Capital Markets US Banks Fixed Income Investor Symposium. Representatives of M&T will meet with investors in New York City on April 30, Chicago on May 1 and virtually on May 2....

at 17:50
The First Bancshares, Inc. ("FBMS" or "the Company") , holding company for The First Bank, (www.thefirstbank.com) reported today financial results for the quarter ended March 31, 2024. Highlights for the Quarter: Net income available to common...

at 17:45
Ervin Cohen & Jessup LLP announced that Partner and Chair of the Real Estate Department Joan Velazquez has been recognized by the Los Angeles Business Journal as one of the "Top 100 Lawyers of Los Angeles for 2024." The award honors attorneys who...

at 17:43
Radiance Technologies (Radiance) is pleased to announce the promotion of Ms. Jamie N. Jones to Chief Administrative Officer (CAO). As CAO, Ms. Jones will strategize internal and external communications, build community engagement, and build...



News published on and distributed by: