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Why Crane Basin Capital ("CBC")

  • CBC dedicates significant due diligence resources to each investment prior to Letter of Intent ("LOI")

  • CBC has never backed out of a transaction after the due diligence period expiration

  • CBC makes 100% acquisitions and will incorporate seller's subordinated debt

  • CBC assigns additional value to underused or undeveloped land that other yield driven investors ignore

  • CBC does not target acquisitions outside its area of competency

Investment Criteria

Transaction Types

  • Investments in self storage and industrial warehouses

  • CBC is typically the first outside buyer from the initial owner who built the property

Target Property
Characteristics

  • Between 20,000 and 150,000 existing square feet

  • Properties held by mom-and-pop operators with no formal management team, software, or operations

  • Existing yield-per-square foot is 20% - 50% below market

  • Developable raw land is either adjacent or close to the property and included in the transaction

  • Additional square footage can be added within 6 - 12 months of acquisition

Target Market 
Characteristics

  • Limited competition with high physical occupancies

  • High physical occupancies' due to lack of capital to expand existing and surrounding properties

  • Square footage per capita is below current demand metrics

  • Fragmented market with little or no institutional capital

  • Opportunity to purchase other properties in the same market

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