What 5050 Storage Partners, LLC does

5050 Storage Partners, LLC is a privately held self-storage real estate investment firm headquartered in Morehead City, North Carolina. Founded in 2015, the company acquires underperforming self-storage facilities in smaller US markets — primarily across the Southeast — and operates them through a vertically integrated platform that combines in-house property management, construction, and asset management services. The firm targets value-add opportunities where operational improvements and modest capital expenditures can drive meaningful revenue and NOI growth, and has completed over $200 million in transactions across 30+ deals in eight states, managing 12,500+ units across 20+ facilities.

The company operates through three tightly integrated sub-brands. StorMark Self-Storage is the in-house property management arm that runs tenant-facing operations using a technology platform enabling contactless rentals, online payments, daily dynamic pricing, and an in-house contact center for tenant support. Storage Construction Management is the in-house construction subsidiary created to deliver facility improvements on time and within budget in smaller markets where reliable third-party contractors are scarce. The acquisition function sources, underwrites, negotiates, and closes deals for both its own portfolio and on behalf of investor capital partners, with case studies demonstrating post-acquisition revenue lifts of 25–32% and realized returns of 65% net IRR with a 2.6x equity multiple on the Eden, NC property.

5050 Storage Partners generates revenue from three streams: recurring rental income from owned self-storage facilities, asset management and property management fees earned from overseeing investor capital, and transaction/acquisition fees. The company raises equity capital through syndications with friends, family, and accredited high-net-worth investors, reporting current cash-on-cash returns to LPs of 10.02% (Danville) to 14.62% (Reidsville) on active portfolios. Its customer base is bifurcated: LP investors seeking professionally managed real estate exposure with proven returns, and individual storage tenants seeking modern, technology-enabled facilities in secondary markets — with co-founders D. Brent Wright Jr. (President) and Joshua Davis (VP, licensed commercial GC in NC, VA, AR, GA) anchoring a leadership team that includes senior institutional hires from Jernigan Capital and NexPoint Storage Partners.

Name

5050 Storage Partners, LLC

Legal name

5050 Storage Partners, LLC

Website

https://5050storagepartners.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

5050 Storage Partners is a privately held self-storage real estate investment firm that acquires underperforming facilities in smaller US markets and operates them through its in-house StorMark property management and Storage Construction Management brands, serving accredited LP investors and individual tenants.

Ownership category

akta.pro rank

Product category

Self-Storage Real Estate Investment & Property Management

NAICS

Lessors of Miniwarehouses and Self-Storage Units (53113), Lessors of Miniwarehouses and Self-Storage Units (531130)

SIC

Public Warehousing & Storage (4220), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Self-Storage Property Management (BPAJAGAM)

Keywords

• Self-storage investment
• Property management
• Real estate syndication
• Asset management
• Storage facilities

Headquarters

HQ city

Charlotte

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Self-Storage Rental Income: Monthly rental income from storage units. Month-to-month leases provide recurring revenue with effective inflation hedge characteristics. Revenue management focuses on maximizing rental rates rather than单纯的 occupancy.
2. Asset Management Fees: Management fees from overseeing self-storage assets for investor capital partners (LPs). As sponsors, the company earns fees for acquisition, asset management, and property management services through their StorMark Self-Storage brand.
3. Transaction/Acquisition Fees: Fees earned from acquiring and transacting self-storage properties for their own portfolio and for investor clients. The company sources deals, handles negotiations, and manages transaction closings.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

5050 Storage Partners, LLC is a self-storage real estate investment firm that acquires underperforming self-storage facilities in smaller secondary markets across the southeastern United States, renovates and re-brands them, and operates them through in-house property management. The firm raises capital from individual investors via syndications, and serves retail storage tenants through its branded facilities.

Product overview

5050 Storage Partners is a self-storage investment firm operating a unified platform of investment acquisition, in-house property management, and construction services. The company acquires underperforming self-storage assets in smaller markets, optimizes operations through its StorMark Self-Storage property management brand, and executes value-add projects via its Storage Construction Management subsidiary. The portfolio spans 22+ facilities across multiple states with over 12,500 units managed since 2015.

Differentiator

Problem solved

Functional benefit

Brands

• StorMark Self-Storage: In-house property management company that manages all 5050 Storage Partners assets. Utilizes cutting-edge technology allowing tenants to rent units without human interaction, dynamic pricing models, and in-house contact center support.
• Storage Construction Management

Products and services

• Self-Storage Real Estate Syndications Syndicated real estate investment offerings that allow individual investors (LPs) to passively invest in underperforming self-storage facilities acquired, renovated, and operated by 5050 Storage Partners.
• StorMark Self-Storage (Branded Facilities) Company-branded self-storage rental facilities that offer month-to-month storage units to retail customers across multiple southeastern U.S. markets.
• Storage Construction Management In-house construction services arm that handles renovations, expansions, and new construction of self-storage facilities acquired or developed by the firm.

Quantifiable outcome

• 65% Investor Net IRR and 2.6x equity multiple realized on Eden investment in 23 months
• +5 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Devon Self Storage: Private self-storage owner/operator with a portfolio of facilities concentrated in secondary markets. Comparable to 5050's strategy of acquiring and operating facilities in smaller, less competitive markets.
• StorageMart: Privately held self-storage owner/operator with 200+ facilities across the US and Canada. Comparable vertically integrated operator model with in-house management and emphasis on smaller-market facilities.
• NexPoint Storage Partners: Self-storage-focused investment platform and successor to Jernigan Capital; 5050's SVP of Investments Will Aldridge spent 8 years underwriting for both firms. Most directly comparable in self-storage capital deployment and underwriting focus.
• US Storage Centers: Private self-storage owner/operator focused on acquiring and developing facilities in secondary and tertiary US markets. Directly comparable to 5050's smaller-market acquisition and value-add strategy.
• Jernigan Capital: Self-storage-focused capital provider that financed development of 90+ facilities; predecessor firm to NexPoint Storage Partners and former employer of 5050's SVP of Investments. Directly comparable in self-storage deal sourcing and structuring.
• Simply Self Storage: Privately held self-storage operator with facilities across multiple US states, owned by Morgan Stanley Real Estate. Comparable direct peer in self-storage ownership, management, and third-party operations.

Broad incumbents

• Public Storage: Largest publicly traded self-storage REIT in the US with thousands of facilities nationwide. Competes with 5050 in the same self-storage asset class but at vastly greater scale; relevant for comparable acquisition targets, cap-rate benchmarks, and operational technology expectations.
• Extra Space Storage: Major self-storage REIT operating over 3,500 facilities across the US. Direct category peer to 5050 Storage Partners in self-storage ownership and operations, with overlap in tenant-facing technology platforms and dynamic pricing strategies.
• CubeSmart: Self-storage REIT with 1,300+ facilities primarily on the East Coast and Texas. Comparable to 5050 in self-storage investment focus and geographic overlap (Mid-Atlantic/Southeast), with similar operational emphasis on revenue management technology.
• National Storage Affiliates: Self-storage REIT with a differentiated participating regional operator (PRO) structure that aggregates smaller operators. Conceptually similar to 5050's strategy of aggregating smaller-market facilities under one operational umbrella.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

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 5050 Storage Partners, LLC