JOINT VENTURE

A self storage joint venture is a partnership between a facility owner and an operating partner. In this structure, the existing owner contributes the property while the operating partner provides operational expertise, management systems, and often capital for improvements or expansion.

The goal of the partnership is to improve the property's operations and increase its long-term value while allowing the owner to remain invested in the asset.

Many self storage owners have owned and operated their facilities for decades and prefer to remain invested in the property rather than selling outright.

A joint venture allows owners to reduce the operational responsibilities of running the facility while continuing to participate in the property's future income and value growth.

This structure can allow an owner to transition from active operator to passive investor.

In most joint venture structures, the operating partner assumes responsibility for day-to-day management and operational improvements.

This may include implementing modern property management software, online rentals, automated payments, professional marketing, revenue management, and operational oversight.

The existing owner typically remains involved at a strategic level depending on the partnership structure.

Yes. In many joint venture structures the existing owner retains a portion of the ownership in the property.

The exact ownership structure depends on the goals of the owner, the operational improvements required, and whether additional capital is being invested into the property.

Many owners choose to retain an ownership interest so they can continue benefiting from the property's long-term performance.

Yes. Many storage facilities have unused land or opportunities to add additional units, RV storage, or covered parking.

Through a partnership, the operating partner may provide capital and development expertise to expand the property while the existing owner participates in the value created by the expansion.

Joint ventures are often a good fit for facilities that:

• Have been independently owned and operated for many years
• Have not implemented modern management systems
• Have opportunities for expansion or operational improvements
• Are located in markets with strong demand for storage

However, every property is unique and we are always open to reviewing opportunities.

Sperry Self Storage focuses on facilities located throughout the Western United States, particularly in secondary and tertiary markets where operational improvements and modernization can significantly enhance performance.

Yes. Many storage owners prefer to explore partnership options privately before deciding whether to sell or pursue a joint venture.

All conversations with Sperry Self Storage are handled confidentially.

Every owner’s situation is different. Some owners prefer a full sale to unlock the value of their property, while others prefer to remain invested while transitioning away from day-to-day management.

In many situations, exploring both options can help determine which structure best aligns with the owner’s financial and personal goals.

We are always happy to have an initial conversation to discuss the options available.