Find Local Storage

DealPoint Merrill LLC will be providing growth fund for self-storage expansion
DealPoint Merrill LLC is a real estate development and property-management firm

December 30, 2014- The real-estate development and property-management firm will launch $25 million DPM Growth and Income Fund in January to develop its 2015 expansion platform. It includes self-storage conversion projects. reports:

"Our investment philosophy is rooted in acquiring value-added properties at deep discounted prices below replacement value, thereby creating an immediate margin of safety for our clients,” said Sterling McGregor, chief investment officer for DealPoint Merrill. "The fund will be centered on the redevelopment of existing properties and the conversion of vacant big-box retail or commercial buildings into self-storage."

DealPoint Merrill had proposed to convert a former Walmart to self-storage. According to a press release the company is also interested in converting grocery stores, redeveloping multi-tenant retail shopping centers with "dark" big-box anchor tenants, and acquiring "value-added" existing self-storage properties.

Read complete article on: