Good morning, Aces— I wanted to share a real deal with you all that I personally own with a couple partners. We’ are selling it, and I thought this would be a great opportunity for the group. The OM is attached for your review. Not as a pitch—just as a learning and potential opportunity. 👉 It’s a turnkey storage facility with solid fundamentals 👉 It’s a great deal to practice underwriting on 👉 And if it fits for anyone, I’m open to a conversation Zero pressure—whether you look at it for education or opportunity, both are wins. Reach out if you want the details or want to walk through it together. It’s a 107-unit, ~23,000 SF self-storage facility in the Chicago MSA (McHenry, IL) with strong occupancy (~93%), in-place cash flow.

Sending out some direct mail for a couple of properties that I’ve been researching. What are you doing today to get you closer to what you want?

It was nice meeting up with @Jeff Spaulding at the Texas Self Storage Association Luncheon in Houston yesterday. I should have taken a photo like Scott Speer normally does. You'll have to take my word for it. Looking forward to working and learning together in the future.

I really thought I was going to have to build. I just wasn’t finding anything that met my requirements. I even bought a piece of land and rezoned it. I’ll probably still pursue that but excited to say I’m supposed to close this week on a new facility. It’s a really small one, just 34 units but the numbers made sense and it’ll be a good intro to the industry.

Its fun to see what we can learn from these.