#USA #self-storage #Raleigh #Q2 2025 #10 Federal

10 Federal Reports Strong Q2 2025 Results and Major Fundraising

10 Federal, a leading technology-driven operator of self-storage properties, has made headlines with its impressive financial results for the second quarter of 2025. The company’s performance highlights not only substantial revenue growth but also successful capital-raising efforts that signal robust investor confidence.

Financial Highlights

In Q2 2025, 10 Federal achieved a 7% year-over-year revenue increase and managed to reduce operating expenses by 11%, culminating in a remarkable 31% rise in net operating income (NOI). This significant improvement underscores the effectiveness of the company’s operational strategies and cost-control measures. The operational efficiency results from 10 Federal’s advanced technology integration, enabling them to streamline processes and enhance service delivery.

Moreover, their fund known as 10FSSAC4 saw same-store NOI growth surpassing 30%, driven by higher occupancy rates and strategic pricing adjustments. The fund has actively engaged in acquiring additional properties, including a recent purchase in Georgia. The swift deployment of equity capital demonstrates 10 Federal's aggressive expansion strategy.

Fundraising Success

In a successful move, 10 Federal launched a new value-add investment offering in July 2025, which has already garnered over $28 million in equity commitments from both existing and new investors. The target for this fundraising initiative is to raise $150 million to facilitate the acquisition and optimization of self-storage properties concentrated in the Southeast and Sun Belt regions.

Clif Minsley, Co-Founder of 10 Federal, expressed optimism about the capital raised, attributing this success to the confidence investors have in their operational model and consistent performance returns. He emphasized the importance of building a scalable platform that continues to attract new capital while delivering strong returns.

Expanding Institutional Relationships

During the quarter, 10 Federal also completed a strategic $33.5 million portfolio refinance with Affinius Capital, enhancing its institutional lending relationships. This refinancing not only locked in favorable lending terms but also established a partnership with a reputable institutional life insurance company, broadening 10 Federal’s financial base. Ian Levin, Vice President of Investments, highlighted how this move strengthens the credibility of the 10 Federal platform in the eyes of institutional partners

Development Pipeline

Further showcasing their commitment to growth, 10 Federal is actively involved in developing 15 self-storage projects, comprising over 1 million square feet. The company anticipates receiving occupancy certifications for its Georgetown, TX project in Q3 2025, while construction ramps up for other sites across Texas and Georgia. The upcoming groundbreaking for another facility in Lake Worth, TX, reflects 10 Federal's aggressive development strategy, aimed at meeting the increasing demand in its targeted markets. Andrew Capranos, President, remarked on the significance of these milestones for future NOI growth and the importance of responding to market demand with agility.

Conclusion

In summary, 10 Federal’s impressive Q2 2025 performance, coupled with a robust fundraising initiative, positions the company strongly within the self-storage sector. With over 100 properties managed across 13 states, 10 Federal continues to leverage technology to enhance operational capabilities and expand its market reach, making it a formidable player in the self-storage industry. For more information about 10 Federal's offerings, visit 10Fed.com.

This quarter’s achievements reflect the disciplined execution of an innovative operational model that could pave the way for future growth and success.