1784 Capital Holdings

What 1784 Capital Holdings does

1784 Capital Holdings (operating as 1784 Holdings LLC) is a Scottsdale, Arizona-based private real estate development company founded by Shane Albers in 2012. The firm develops, constructs, and owns Class A self-storage facilities in major US Metropolitan Statistical Areas with high barriers to entry, alongside a smaller multi-family apartment portfolio in North Dakota's Bakken energy region and a solar project subsidiary in Canada. Its core product is ground-up self-storage development, with facilities typically ranging from 70,000 to 130,000 net rentable square feet and 700 to 1,200+ units, frequently featuring climate-controlled environments, RV/boat storage, and enhanced security.

The company operates an asset-light operating model: 1784 retains ownership and handles site selection, entitlements, construction, and capital structuring, while leasing and day-to-day operations are outsourced to established third-party operators including Extra Space Storage, Life Storage, StorageMart, and StorEZ. Revenue is generated through recurring monthly self-storage and apartment rental income, supplemented by selective asset dispositions (e.g., the March 2021 sale of Hunt Highway Self Storage). Capital is sourced primarily through project-level real estate debt, with notable facility loans from White Oak Real Estate Capital ($27.2M in July 2025) and a REIT bridge loan arranged by Talonvest Capital ($41.25M in December 2024).

The platform currently spans 40+ facilities across 15+ US states including Arizona, California, Colorado, Florida, Maryland, New Jersey, New York, North Dakota, Pennsylvania, and Wisconsin, and is actively expanding into the United Kingdom with six planned developments. The company employs roughly 30 people organized across executive leadership, acquisitions, underwriting, entitlements, construction management, and asset management. No proprietary technology, software platform, or AI/ML capability is disclosed; competitive differentiation rests on development expertise, capital relationships, and Class A build quality rather than technology.

Name

1784 Capital Holdings

Legal name

1784 Holdings LLC

Website

https://1784holdings.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

1784 Capital Holdings (operating as 1784 Holdings LLC) is a Scottsdale, Arizona-based private real estate developer that builds, owns, and operates Class A self-storage facilities in major US MSAs, with 40+ properties across 15+ states, a multi-family portfolio in North Dakota, and planned expansion into the United Kingdom.

Ownership category

akta.pro rank

Product category

Self-Storage Real Estate Development

NAICS

Lessors of Miniwarehouses and Self-Storage Units (53113), Offices of Other Holding Companies (551112)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Investors, Nec (6799)

akta.pro primary industry

Business & Commercial Self-Storage (Inventory/Records) (HSAKAGAD)

akta.pro secondary industries

Vehicle & RV/Boat Self-Storage (HSAKAGAC), Real Assets — Operating Platforms & Direct Investments (FSAAAKAL)

Keywords

• Self-storage development
• Class A construction
• Real estate investment
• Multi-family housing
• Commercial solar projects

Headquarters

HQ city

Scottsdale

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Infrastructure, Marketing or Sales

Revenue model

1. Self-Storage Rental Income: 1784 Holdings develops, constructs, and operates Class A self-storage facilities. Revenue is generated through monthly rental of storage units to consumers and businesses. Properties are typically managed by third-party operators such as Extra Space Storage, Life Storage, or StorageMart, which handle day-to-day tenant relations while 1784 retains ownership.
2. Multi-Family Apartment Rentals: 1784 Holdings operates apartment communities in Watford City, North Dakota (Prairie Heights Apartments and Cherry Creek Apartments). Revenue is generated through monthly apartment rentals to tenants in energy-related geographic markets.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

1784 Holdings LLC (formerly 1784 Capital Holdings LLC) develops, constructs, and operates Class A self-storage facilities in major U.S. Metropolitan Statistical Areas with high barriers to entry, alongside multi-family apartment rentals in North Dakota's Bakken energy region. The company also pursues government-backed commercial solar development in Ontario, Canada, through its 1784 Solar subsidiary. Self-storage facilities are typically managed by third-party operators such as Extra Space Storage, Life Storage, StorageMart, and StorEZ.

Product overview

1784 Holdings LLC (formerly 1784 Capital Holdings LLC) is a national self-storage real estate developer and owner operating a platform of Class A self-storage facilities, multi-family apartment communities, and solar projects. The core offering consists of developing, constructing, and operating Class A self-storage facilities in major Metropolitan Statistical Areas (MSAs) with high barriers to entry across the United States. The company's self-storage portfolio includes climate-controlled storage and RV/boat storage facilities across multiple states (Arizona, California, Colorado, Florida, Maryland, New Jersey, New York, North Dakota, Pennsylvania, Wisconsin) and international markets (United Kingdom). The company also operates multi-family apartment communities through Prairie Heights Apartments and Cherry Creek Apartments in Watford City, North Dakota, and maintains a solar subsidiary (1784 Solar, LLC) focused on government-backed commercial solar projects in Canada. Properties are typically managed by third-party storage operators such as Extra Space Storage, Life Storage, StorageMart, and StorEZ.

Differentiator

Problem solved

Functional benefit

Products and services

• 1784 Holdings Self-Storage Development & Operations Core product encompassing development, construction, and ownership of Class A self-storage facilities in major U.S. MSAs with high barriers to entry. Includes climate-controlled units, drive-up units, RV and boat storage spaces, and on-site retail. Facilities are managed by established third-party operators including Extra Space Storage, Life Storage, StorageMart, and StorEZ, while 1784 Holdings retains ownership and handles development, construction, and capital stack. Serves individual consumers, small businesses, and RV/boat owners seeking secure, professionally managed storage.
• Multi-Family Apartment Rentals (Bakken Region) Furnished 1-, 2-, and 3-bedroom apartment rentals in Watford City, North Dakota, operated through subsidiary entities PH123, LLC (Prairie Heights Apartments, 125 units across 12 buildings on ~13.51 acres) and CCWC1, LLC (Cherry Creek Apartments, 77 units in a single building on ~2.76 acres). Targets energy-industry workers and local workforce in the Bakken oil region.
• 1784 Solar, LLC (Commercial Solar Development)

Quantifiable outcome

• Successfully developed and sold multiple properties including Hunt Highway Self Storage (sold March 24, 2021) and ongoing portfolio expansion across 15+ states and UK.

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Bakken Communities, LLCcoreStrategic or Co-development PartnerBakken Communities, LLC is a real estate development company focused on multi-family, industrial, and self-storage in energy-related geographic markets. Shane Albers formed Bakken Communities in 2012 and remains Managing Member. Plans and renderings on 1784 Holdings website are copyrighted property of both 1784 Holdings LLC and Bakken Communities.

Scale indicators2 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Metro Self Storage: Privately held self-storage owner/operator with a portfolio concentrated in the Midwest. Comparable in operating model (own/operate Class A self-storage) and customer base, though with regional concentration rather than 1784's national MSA focus.
• Simply Self Storage: Privately held national self-storage owner/operator. Comparable in product (Class A self-storage), customer base, and private-developer-plus-third-party-management model, with similar geographic targeting of supply-constrained markets.
• StorageMart: Privately held global self-storage operator and third-party manager of 1784's Toms River Self Storage. Direct peer in product, target market, and operating model, with the difference that StorageMart is operator-led while 1784 is developer/owner-led.
• Devon Self Storage: Privately held U.S. self-storage owner/operator with a national portfolio. Comparable in product offering, customer base, and private ownership profile, with overlap in self-storage development and operation.
• National Storage Affiliates Trust: Public self-storage REIT that partners with regional operators via a Participating Regional Operator (PRO) structure. Highly comparable to 1784's developer-plus-third-party-operator model, with the key difference that NSA is a public REIT vehicle while 1784 is private.
• SmartStop Self Storage REIT: Public non-traded/self-managed self-storage REIT that develops and owns Class A facilities. Closely comparable in product, customer base, and developer-owner model, with similar exposure to ground-up development in high-barrier markets.

Broad incumbents

• CubeSmart: Public self-storage REIT with national footprint. Comparable product offering and customer segments to 1784's self-storage facilities, but CubeSmart operates as a public REIT owning/operating stabilized assets rather than developing ground-up.
• Life Storage: Major U.S. self-storage operator and REIT (now part of Extra Space Storage) and a third-party operator of 1784's Hawthorne and Tatum and Dynamite facilities. Direct overlap in product and operating model, though at materially larger scale.
• Public Storage: The dominant public self-storage REIT. Comparable in core product offering (self-storage units, climate-controlled) and customer base, but operates a much larger mature portfolio rather than developing ground-up Class A facilities in MSAs.
• Extra Space Storage: Largest U.S. self-storage REIT by asset count and a key third-party operator of 1784 Holdings' properties. Highly comparable in product (Class A climate-controlled self-storage) and target customers, but operates at vastly greater scale and as a public REIT rather than a private developer/owner.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/1784CapitalHoldings
• LinkedInlinkedin.com/company/1784-capital-holdings-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries4 records

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about 1784 Capital Holdings