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10 Federal Companies Surpasses $96 Million in Capital Raise, Expands 4th Self-Storage Offering

by 10 Federal Storage

Published on February 8, 2024

10 Federal Companies, a prominent operator in the self-storage sector, proudly announces a significant achievement with a successful capital raise surpassing $16 million in the fourth quarter of the year for their 4th Self Storage offering. This latest accomplishment marks a large milestone, bringing the total capital raised by 10 Federal Companies' 4th offering to a noteworthy $96 million.

Andrew Capranos, President of 10 Federal Companies, expressed gratitude, stating, "We are immensely pleased with the trust from our valued investor base, reaching a cumulative capital raise of $96 million since the offering's inception in December 2022. The confidence and commitment from our investors empower us to pursue our pioneering vision and carry out our expansion strategies.”

Aligning with their expansion objectives, 10 Federal Companies recently finalized the acquisition of two properties located in thriving markets - Greeneville, TN and Seguin, TX. These acquisitions expand the offering to a total of 13 assets acquired by 10 Federal Self Storage Acquisition Company 4, LLC. These additions strengthen 10 Federal Companies presence and economies of scale in the burgeoning states of TX and TN.

Cliff Minsley, Co-Founder of 10 Federal Storage, commented, "The ongoing advancements in our technology at 10 Federal Companies is incredible. Our tech team has developed user-friendly websites and tenant portals, streamlining the rental process to just 30 seconds, ensuring a frictionless experience for our tenants throughout their storage journey."

About the Author

10 Federal Storage

Our team at 10 Federal Storage has been in the self storage industry for decades. With knowledge gained from multiple universities and in the field, we are well-prepared and excited to assist with your storage needs. When you rent a unit with us, you can feel confident that our seasoned customer service team’s help will make your transition as seamless as possible. Customer satisfaction is our number one priority, and we strive to make your experience exceptional with our automated leasing options, diverse unit sizes, and a strong commitment to sustainability.