Boat And RV Storage Preferred Equity Development Offering On CrowdStreet

Real estate investment platform CrowdStreet launched an equity investment offering for two boat and RV storage facilities in metropolitan Charlotte, North Carolina, and Nashville, Tennessee.

The ground-up development of two storage facilities will offer a combined total of 545 parking and storage spaces. Investors potentially will receive quarterly distributions. When construction is complete, both properties will undergo a 14-month lease-up period, with project stabilization expected in the third quarter of 2024.

Madison Capital Group LLC pursued this venture because of the growing demand for off-road vehicle storage driven by the skyrocketing boat and RV ownership rate. According to a study by Go RVing, RV sales spiked by 33% in 2021, and the 2022 results are expected to reflect record sales numbers again. ...

Full story available on Benzinga.com

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Boat and RV Storage Preferred Equity Development Offering on CrowdStreet" is an investment opportunity available through the CrowdStreet platform. This offering involves investing in the development of boat and RV storage facilities, which cater to the growing demand for secure storage solutions for recreational vehicles. Investors have the opportunity to participate as preferred equity holders in the development project.
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