Investment Overview

The FreeUp Storage Portfolio consists of three individual facilities in Tyler, Texas and three facilities in nearby Longview, Texas. Combined, the portfolio contains 292,821 rentable-square feet of storage spread out between 2,298 units, the vast majority of which are non-climate drive-up. Each facility features the typical amenities one would expect to see in a professionally managed property, such as garage-style roll-up doors, concrete driveways, perimeter fencing and lighting, personalized keypad gated entry, a professional leasing office, and 24-hour video surveillance cameras. In addition, because each facility is located on one of the city’s primary thoroughfares, the facilities are both easily visible, and easily accessible. With a population approaching 600,000, the greater Tyler / Longview Metropolitan Statistical Area (MSA) serves as the primary population center and economic center of East Texas, partially due to its advantageous location between Dallas, Houston, and Shreveport. Easy access to Interstate-20, US Highway 80, and US Highway 69 has turned the MSA into a pivotal logistics hub that leans heavily on the transportation and infrastructure sectors. Tyler’s economic growth can also be attributed to its investment in the health care and education sectors, as it is home to the University of Texas at Tyler, Tyler Junior College, UT Health East Texas, and CHRISTUS Mother Frances Hospital. Longview also benefits from these industries, but its economy is more heavily weighted toward the oil & gas and manufacturing sectors. When you combine the robust economic fundamentals with the high quality of life and abundance of recreational activities for which Tyler and Longview are well known, it is easy to see why the area has experienced such a significant population increase over the past decade. These trends appear poised to stay for the long-term, as populations from larger cities in Texas and across the country continue to migrate toward secondary markets in search of a healthier work / life balance. The six-property portfolio provides a new owner with an opportunity to create a competitive position that smaller stand-alone facilities can’t replicate, delivering stronger brand presence and pricing power in the East Texas storage market. Recent actions by the Federal Reserve—including its most recent rate cut on September 17, 2025, and their clear signal of further cuts ahead—are expected to bolster housing activity and population migration into secondary markets like Tyler and Longview. As more households move into the area, demand for storage should strengthen, directly enhancing property performance. At the same time, attractive financing options—including sub-6 percent life company loans with full-term interest-only structures—improve cash-on-cash returns during the hold period while preserving flexibility at exit. Together, these dynamics position the portfolio as a rare opportunity to achieve scale, stability, and strong performance in one of Texas’ fastest-growing regions.