Investment Overview

The Platinum Self Storage Portfolio is comprised of two newly constructed self-storage facilities totaling 113,125 rentable-square-feet and 663 units in Longview, Texas. The first location, developed in 2022 along Estes Parkway/State Highway-149, offers 410 units (77,625 RSF) with a strong mix of drive-up and climate-controlled product. It has already stabilized at occupancy levels in the high-80 percent range and will produce reliable cash flow from day one. The second facility, completed in 2024, is located on East Marshall Avenue/US-80 in the heart of Longview’s retail and medical corridor, and it features 253 climate-controlled units totaling 35,500 RSF. Currently in early lease-up at roughly 41 percent physical occupancy, a new operator will have an opportunity to capture significant net operating income growth as the facility continues its upward trend toward stabilization. Importantly, the two facilities are located just six miles apart—about a 10-minute drive—allowing a new owner to operate them efficiently as a unified sub-portfolio. In addition, the East Marshall site includes land that can support an expansion of additional climate-controlled space, providing a clear path to increase rentable square footage and long-term returns. Both assets are located on high-traffic thoroughfares with 20,000–25,000 vehicles per day, ensuring strong visibility and accessibility throughout the foreseeable future. The Estes Parkway property is positioned within Longview’s industrial corridor, supported by AAON Coil Products’ $40-million expansion that will bring hundreds of new jobs to the area, as well as regional infrastructure improvements along Interstate-20. The East Marshall Avenue facility sits within Longview’s primary retail and medical hub, where the Longview Mall is undergoing a redevelopment under new ownership and CHRISTUS Health has broken ground on a new cancer center. Longview Regional Medical Center is also actively expanding its services, reinforcing this corridor as a long-term employment and traffic driver. Together, these developments underscore the strong demographic and economic fundamentals that will continue to feed demand for storage in both trade areas. Rents across the portfolio remain at or below comparable market levels, leaving meaningful upside for a new operator to implement revenue management strategies such as ECRI’s, tenant insurance commissions, and ancillary fee optimization. The combination of stabilized income at Estes Parkway, rapid lease-up potential and expansion capacity at East Marshall, and durable local growth drivers make this portfolio an attractive opportunity to acquire high-quality assets with both immediate yield and long-term upside.