The speaker invested in Arrow Treasure Coast Storage, a 650-unit facility in Vero Beach, Florida, expecting 21% annualized returns. He knows the general partners from a previous Las Vegas apartment deal and plans to boost the property through flexible leases, new software, better security, and curb appeal upgrades.
I'm thrilled to share some exciting news. I recently became a limited partner with equity ownership in a 650-unit self-storage facility in Vero Beach, Florida called Arrow Treasure Coast Storage. This deal was a $2 million raise with projected annualized returns around 21% and cash on cash around 8%. I'm particularly confident in this investment because I know the general partners well. Some of us are already working together as co-GPs of the Ogden Executive Apartment Building in downtown Las Vegas. We are customer-focused with plans to offer flexible lease options, new new management software, increased security, and improved curb appeal. Self-storage is booming, especially in Florida, which is now the top state for new residents. I see strong growth potential ahead and am honored to be part of it. Shoot me a message if you're interested in investing in deals like this in the future.
