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Veritas Group Announces Closure of Storage Units Income Fund II

In a recent announcement from Orlando, Florida, Veritas Group revealed its plans to close the Storage Units Income Fund II to new investors by December 31, 2025. This decision follows the successful raising of over $35 million, facilitated by a diverse group of investors who have shown an impressive interest in self-storage assets. Sean Casterline, the CEO of Veritas Group, expressed gratitude for the support received, emphasizing the fund's appeal as a recession-resistant investment option.

Self-storage has increasingly captured the attention of investors due to its ability to deliver stable cash flow and substantial margins, especially in fluctuating economic conditions. The success of this fundraising allows the firm to finance eight storage facilities, with a combined rentable area exceeding 896,000 square feet, strategically located in high-demand areas across the Southeast.

As part of the strategic lifecycle management of the fund, Veritas Group has scheduled an independent valuation of its portfolio for early 2026. This evaluation will not only assess the current standing of the fund's assets but also facilitate potential tax planning benefits for higher-income investors. Investors should note that the valuation may reflect the various stages of development of the assets, which could temporarily depress fair market value as compared to fully operational facilities.

For those utilizing retirement accounts, this forthcoming valuation period holds particular promise, especially for individuals considering a Roth IRA conversion. Typically, taxes for such conversions are based on the asset value at the time, meaning that converting during a lower valuation can substantially reduce immediate tax liabilities, while allowing future growth to occur without further tax implications. By navigating this period strategically, investors might position themselves favorably for both appreciation needs and distribution benefits.

For additional insights or inquiries regarding this announcement, Brian Rivera can be reached at [email protected] or via phone at (714) 604-5784.

About Veritas Group

Veritas Group operates as a comprehensive real estate investment platform, concentrating on multifamily and self-storage assets of institutional quality, predominantly positioned in the southeastern regions of the United States. Its commitment to excellence is driven by profound sector knowledge and a rigorous, hands-on management approach.

With a clear focus on delivering durable and risk-adjusted returns throughout market cycles, Veritas Group maintains partnerships with financial industry professionals to ensure its investment strategies are developed to harness the strengths of current market dynamics. To find out more about their services and investment opportunities, visit their official website at veritas.group.