Direct Equity Source Announces Strong Leasing Momentum at Newly Opened Self-Storage Facility

Whats Happening:

Direct Equity Source, a private equity firm specializing in real estate investments, reports strong leasing activity at its recently opened self-storage facility in Cibolo, Texas. Phase 1 of the facility, which opened in Q3 2024, has already reached approximately 50% occupancy. The rapid lease-up has prompted the fund and its equity partners to accelerate plans for Phase 2 expansion later this year.

Key Moves:

• Phase 1 of Cibolo, Texas self-storage facility reaches 50% occupancy

• Plans for Phase 2 expansion accelerated due to strong demand

• Direct Equity Source involved in 8 self-storage and flex space industrial park developments

By The Numbers:

• 50% occupancy reached in Phase 1

• 8 self-storage and flex space industrial parks under development

• 6-8 additional properties planned for groundbreaking in 2025

Key Quotes:

• "We are encouraged by the rapid lease-up of Phase 1 and the strong interest from local tenants," said Joel Duncan, Marketing Manager at Direct Equity Source.

• "This performance underscores the strength of our investment strategy and the continued demand for high-quality storage solutions in this market."

Bottom Line:

Direct Equity Source's strong leasing momentum at its Cibolo, Texas self-storage facility demonstrates the success of its investment strategy in the real estate sector. The rapid 50% occupancy in Phase 1 and accelerated plans for Phase 2 expansion indicate robust demand for high-quality storage solutions. With 8 ongoing projects and plans for 6-8 more in 2025, the fund is positioning itself for continued growth in the self-storage and flex space industrial park market.

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