We are thrilled to announce that we have closed on our fourth acquisition in the Chicago metropolitan area—a shovel-ready development site in Crest Hill, IL, further deepening our presence in one of the Midwest’s most competitive rental markets.

This development adds to our footprint in the region, following earlier acquisitions of two operating storage properties in the southwest suburbs, and our previously completed expansion project in Crete, IL. Crest Hill expands our presence, supplying growing demand in an under-supplied corridor. The fundamentals are solid:

• 154,000 residents within a 3-mile radius
• Average household income of $78,000
• Only 4 competing storage properties in the primary trade area—none offering modern drive-up units
• Located near I-80 and I-355, with 10,000+ vehicles passing daily
• Serving a county projected to add 50,000 new jobs over the next decade

The latest deal marks the launch of our partnership with Condev Land and Development Group, a Florida-based firm specializing in self-storage and build-for-rent community development.

Alongside Midland States Bank, we secured this site with full entitlements in place, allowing construction to start immediately.

As with every deal, we’re guided by our four-pillar strategy:

1. Acquire wisely
2. Finance efficiently
3. Operate with excellence
4. Exit strategically

Construction begins immediately, with the completed delivery of the new store expected in 12 months, and full lease-up within 3 years.

This deal exemplifies our mission to create purposeful wealth for individuals and Joint Ventures through real estate, while continuing to scale our presence in under-supplied, high-growth markets.

If you’re interested in self-storage growth and cash flow investment opportunities, check out our investment page.