Introduction
VOC Partners, LLC recently made headlines with the launch of its innovative Self-Storage Investment Platform (SIP). This strategic initiative aims to acquire and manage high-performing self-storage facilities in the Mid-Atlantic region, in collaboration with Budget Store & Lock, a well-established name in the industry.
The Significance of SIP
The SIP is designed to bring together advanced analytics, localized market intelligence, and extensive operational experience, ensuring stable returns for investors. Drew R. Lewis, Co-Founder and Managing Partner, stated, "Self-storage has demonstrated stability through a wide range of economic conditions." This sentiment underlines the robustness of their approach, focusing on data-driven strategies and disciplined execution.
Overview of the SIP Portfolio
The initial SIP Portfolio comprises a balanced mix of asset types, including Value-Add, Core, Core-Plus, and Opportunistic assets. The properties, located across Lehigh, Dauphin, Lancaster, and Delaware Counties, are expected to thrive due to Budget Store & Lock's operational framework and VOC Partners' analytical strategies.
- - Value-Add: This includes a new Class A facility with 80,910 NRSF that is positioned for rapid leasing and operational scaling.
- - Core/Core-Plus: Five stabilized properties totaling 143,000 NRSF that provide steady occupancy levels and operational efficiency.
- - Opportunistic: An urban infill project with 99,400 NRSF that seeks to enhance self-storage accessibility in Delaware County.
Each asset underlines the quality of market intelligence employed by VOC and its partner, focusing on pricing strategies and performance analytics.
Technology and Management
VOC Partners is committed to transparent communication with investors through its Investment Management Portal. This secure, user-friendly platform streamlines document management and financial tracking, emphasizing the firm's dedication to governance, transparency, and accountability.
Profile of Budget Store & Lock
Founded in 1997, Budget Store & Lock operates 50 storage facilities which cumulatively offer over 2.6 million rentable square feet across various counties. Ranked as the 49th largest self-storage brand in the United States, the company is recognized for its operational excellence and deep local market insights. This partnership significantly enhances the SIP's foundation.
About VOC Partners
Headquartered in Delaware, VOC Partners aims to leverage its proximity strategy to align institutional investors with local expertise in self-storage assets across the Mid-Atlantic region. Through collaboration with Budget Store & Lock, they strive to blend operational excellence with technology and strategic oversight to deliver consistent and scalable results.
Conclusion
The launch of VOC Partners' Self-Storage Investment Platform heralds a new era in the self-storage market, driven by data, local market knowledge, and strategic partnerships. As self-storage continues to show resilience during varying economic conditions, this platform is poised to capitalize on opportunities within the sector, addressing both investor needs and customer demands in the ever-evolving market landscape.