Ten Federal Self Storage Acquisition Company 2 sold 19 properties to a publicly traded investment firm. It sold four properties in February 2022 and presently has five properties remaining.
10 Federal has methods for operating self-storage facilities in an unmanned, autonomous manner. By leveraging this system, 10 Federal raised its first equity offering in 2018 in the amount of $10 million and achieved a successful liquidation in February 2022 with a fund level IRR of 31%.
10 Federal's second offering raised $32 million and achieved a 2.0x multiple on the equity from the February and August property dispositions. There are five properties remaining in 10FSSAC2 to be liquidated.
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