Our client invested in a series of self-storage facilities in North Carolina and Toronto, Canada as a joint venture with Budget Development Partners. DMA represented the client’s interests throughout the development process by monitoring construction progress and performing due diligence. Our knowledge of construction processes and payouts allowed our client, the mezzanine lender, to release project funds only as needed, with full confidence that work had been performed to contract requirements.
The project included the construction of four facilities in North Carolina and the adaptive reuse of an existing building in Toronto. The self-storage industry has been ranked among the fastest growing sectors of the U.S. commercial real estate industry for more than 30 years. Our work for GEM Realty Capital helped to protect the owner’s investment and optimize results.