Leitbox Portfolio Partners
Leitbox Portfolio Partners (“Leitbox”) is a real estate investment company that develops and acquires self-storage (often with mixed use & retail integration) in primary and secondary markets. Through Leitbox’s Programmatic, repeatable prototype development process, the Company seeks to create efficient building outcomes at lower development costs and faster vertical execution. Leitbox uses Proprietary site selection data analytics to increase occupancy outcomes and reduce the time required for site selection analysis. In addition to programmatic greenfield development of vertical self-storage, Leitbox utilizes its 25-year history in the retail and mixed-use sectors to identify and acquire retail, big-box conversion opportunities and income-producing, storage facilities presenting value-add upside potential.
Somewhat unique to the self-storage sector, Leitbox often integrates a Mixed-Use/Retail component to help improve financial outcomes, such as lowering the property’s break-even threshold, while allowing projects to be launched in more desirable, high-barrier to entry neighborhoods. Leitbox management has extensive experience in the retail and mixed-use sectors and important retail relationships that facilitate executing the mixed-use and retail components. The Leitbox management team has developed over $3.8B of commercial real estate in 43 states. Through related-party entities, the management team currently manages over $715M AUM in retail, mixed-use, office and self-storage assets.
About Investment Manager
(See tables below)
For information about Private Offerings, please see Blue Vault's Interactive Dashboard.
Leitbox Portfolio Partners Storage Fund I & II
The Protective Center
2801 Hwy 280 South, Suite 345
Birmingham, Alabama 35223
$103.0 Million - Exclusive to Self-Storage Activity
Merchants Retail Partners LLC has development and operating responsibility for $715M AUM
Total Equity Raised*
$37 Million - Exclusive to Self-Storage Reg D Private Placement Activity
$71 Million – From Institutional and Family Office Co-Investment
Number of Liquidity Events***
Full Cycle Disposition of Mixed Use, Storage Asset in Nashville, Tennessee, on March 12, 2020; 36% Project Level IRR/24 month hold/$241/SF. Project was sold at Certificate of Occupancy.
* Total assets for all active alternative investments at most recent quarter end, excluding full-cycle programs.
** During offering periods, including DRIP proceeds, for all offerings.
*** As defined by Blue Vault where total liquidity has been achieved for common stock.