While Las Vegas has been getting negative press lately Downing says self storage deals still make a lot of sense because the product type has historically performed well in down economies. Silverado is the company's seventh self-storage asset in the region. "Being a contrarian investment…we expect Silverado to have an above average return in cash flow immediately and we believe there is a high potential for above average appreciation when the Las Vegas real estate markets recover," he says.

In addition, Downing says the property benefits from multiple revenue streams; they include 625 climate-controlled storage units, 26 RV parking spaces, a cellular tower and a three-sided billboard facing the highway. "Silverado is one of the better positioned assets that we have added to our portfolio this year in terms of cash flow, stability and upside potential," he says.

Equity for EBS acquisitions comes from EBS' closed Private Equity Income and Growth Funds, 1031 Exchange Investors and EBS' existing private client cash investors. The acquisition financing included a floating interest rate loan with "a significant interest-only period," according to EBS. "We experienced a huge demand to participate in this project from our cash investors and from our 1031 Investors," Downing says.