**SROA Capital Acquires 2,327-Unit Self-Storage Portfolio from Madison Capital Group**
SROA Capital has completed the acquisition of a five-property, 2,327-unit self-storage portfolio from Madison Capital Group. The deal includes three facilities located in the Houston metropolitan area, including the largest site—a 117,960-square-foot property on Tanner Road. This facility, sprawling across 9 acres, features 11 single-story buildings.
The acquisition was financed with a $65 million, 8-year loan provided by Northwestern Mutual. The financing also covers an additional seven assets beyond the recently purchased portfolio.
All five properties were previously operated under the “Go Store It” brand and have now been rebranded under SROA’s “Storage Rentals of America” banner. Built between 1998 and 2014, the facilities offer over 340,000 square feet of rentable space, including climate- and non-climate-controlled units, as well as RV and boat storage.
The transaction was brokered by JLL Capital Markets’ Self Storage team, with Matthew Wheeler, Adam Roossien, Brian Somoza, and Steve Mellon representing the seller. Griffin Guthneck led the JLL Self Storage Debt Advisory team in arranging the financing.
This strategic acquisition strengthens SROA Capital’s presence in Texas and continues its expansion within the self-storage industry.
