Fund V Expands into Rhode Island with a Strategic Acquisition

Patriot Fund V has successfully acquired a 177-unitself-storage facility in Warwick, Rhode Island—our first in the state. This marks a key milestone in expanding APS's (All Purpose Storage) presence into a new market.

The Deal at a Glance:
- Location: 111 Meadow St, Warwick, RI (13,930 SF)
- Purchase Price: $1,075,000
- Closing Date: December 2024
- Projected Returns: 19-21% IRR | 2.3-2.5x equity multiple

This off-market opportunity was sourced through our proprietary network, allowing us to acquire the property at the right price with a clear value-add strategy.

Our Plan to Unlock Value

We’re not just buying storage units—we’re optimizing them for maximum performance:

✔ Leasing Up Vacancies: Our team will rapidly fill empty units to drive revenue.
✔ Operational Enhancements: We’re deploying our expert property management team to streamline efficiency and boost NOI.
✔ Marketing Expansion: Strengthening the property's online presence to increase visibility and occupancy.

This acquisition perfectly aligns with our strategy of acquiring underutilized assets and unlocking their full potential.

More Growth Ahead
If you're looking to invest in high-quality commercial real estate, now is the time to take a closer look.

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