PRE-RELEASE first look. 10 property portfolio in TX/AL. 21.5% target ROI.
Aug 31, 2022 8:12 pm
10 property portfolio deal in TX and AL
Deal summary
I'm kicking off the launch of my new 506c fund with a juicy 10 property portfolio deal located in Odessa / Beaumont, TX and Tuscaloosa, AL. You are getting exclusive first look access to this deal before I send it out to my entire list as a thank you for your previous investment. This is a level up in our self-storage investing journey together and a killer opportunity to get a slice of a diversified deal spread across 2 states. Here are the highlights:
- 21.5% ROI, $25k minimum investment, 5 year hold
- $23.4M purchase price, $27.5M asking price
- 58 buildings, 3306 units
- 484k rentable square feet, 26.7 acres
- Open to accredited investors only through the new fund portal
Due diligence
There's a lot of literal ground to cover with this deal so I've broken it down for you in a summary document and video. You're welcome to dig into all the granular reports. I was in person for as much of the due diligence as possible and will be investing in this deal along side you. We have much of the same management team as the Galveston self-storage deal with some welcome additions.
Fund details
It was time to scale up if I was going to retain access to these deals for my investors. Future deals through Radiant Storage will only be open to funds which is why I made the expensive and time consuming decision to register as a 506c fund. There's a few other value adds to the fund model:
- Speed. Many of the deals I've seen since we closed Galveston have funded in a few days or even hours so I wasn't able to offer you access. With the fund model, your money will be placed and ready to commit with the click of a button.
- Diversity. We will have access to other deals from Radiant Storage and SMB Bradley. You can spread your holdings across different asset classes and locations. I'll even have debt offerings in the mix.
- Recession-proofing. Self-storage was the best performing real estate class during the great recession (2008). Better than multifamily, retail, hospitality and all others. Out performing the SP500, Dow Jones and other stocks by far. Self-storage rental and occupancy rates have shown strong growth through the pandemic.
Ready to launch?
If you're ready to register on the fund portal and invest in this deal, send an email to invest@airwcap.com. You'll need to verify your accreditation status, sign documents, submit your wire, then allocate funds to this deal. You can choose how much to allocate to each deal and have funds waiting on the portal to act quickly for the next one. I am going to send this deal out to my entire list tomorrow and we expect it to fully fund in the next couple weeks.
As always, I appreciate your trust in me and I hope you continue with me on this journey. If you have any questions feel free to reach out via email, text, or schedule a call.
Sean Chuplis
Founder at Airworthy Capital
Email: sean@airwcap.com
Mobile: 512-655-9880