SIG acquired a 218-unit existing RV & Boat Storage facility in Fort Worth, TX. At the time of acquisition, the facility was under performing and experiencing low economic occupancy. The SIG team plans to deploy significant operational improvements to the facility and increase economic occupancy. SIG will also deploy capital improvements to the facility and bring the facility up to market standards.
Commercial operation of RV & boat storage facility.
4-year projected hold with disposition in year four.