DXD Capital, a private equity investor and self storage developer based in Albuquerque, has recently opened a new climate-controlled storage facility in Bristol, RI. The state-of-the-art facility is located at 180 Mount Hope Ave. and boasts 750 individual units spanning over 61,600 square feet of rentable space. The design of the facility was carefully crafted to resemble charming New England townhomes and seamlessly blend into the surrounding neighborhoods.
According to Drew Dolan, principal and fund manager at DXD Capital: “We wanted this facility to stand out from traditional self storage options by incorporating elements that reflect the unique character of Bristol’s market.” He further explained that due to high barriers for entry in this area, they made a significant investment in the community with hopes that their project will be well-received by residents. In fact, they are confident that their new development will be the last storage facility built on this peninsula.
The management of this top-notch property has been entrusted to Extra Space while Jayeff served as general contractor during construction. Centreville Bank provided funding for its development.
This impressive property was acquired through DXD’s first fund – DXD Self Storage Fund I – which closed with $63 million worth of capital commitments back in November 2021. Since then (June 2022), DXD has launched its second fund and invested in ten additional self-storage projects across various locations nationwide.
