Passive Investment Opportunity!
TriCore Storage Conversions - Series 2
Wichita 2 -10915 W Kellogg St. Wichita, KS 67209
Your Next Investment Breakthrough is Here!
In case you missed our live reveal, the replay of our groundbreaking webinar on the
TriCore Storage Conversions Series 2 is now available!
Why you can't miss this?
Prime location with visibility from US 400, attracting over 35,000 daily passersby.
The third jewel in our Wichita portfolio, promising significant management synergies
A dire need in the market: less than 1.3 sf per capita of climate-controlled storage available
Don't let this chance slip away
Investment Opportunity
Special Unit & Common Unit Opportunities.
The Fund’s management team brings a collective 55+ years of experience with, and insight into, the real estate markets served.
We forge strong lasting relationships with our investing partners and business associates to achieve great financial success in commercial real estate investing while making a positive impact on society and the neighborhoods in which they invest.
TriCore Storage Fund Mgt, LLC has consistently out perform their self storage investment expectations over the last decade.
Note: These 506(c) project is for ACCREDITED Investors only.
Minimum investment: $50,000
2.5x - 3x
Targeted Equity Multiple
8%
Preferred Return
(Cumulative,
Non-Compounding)
22% - 24%
Targeted IRR
65% - 75%
Split Cash Distribution
Get Access to the Investor Presentation Kit
Included inside the Investor Kit is a recording of the live investor presentation
and the detailed Offering Memorandum with all the info youwill need to
make your decision
Open for Investment Now. Act fast.
NOTE: This 506(c) project is for ACCREDITED Investors only.
Special Units
8% preferred return
75% split of cash distributions
$1,000,000 minimum investment
Targeted IRR: 24%
Targeted Equity Multiple 3x
Common Units
8% preferred return
65% split of cash distributions
$50,000 to $999,999 investment
Targeted IRR: 22%
Targeted Equity Multiple: 2.5x
Why You Should be Interested
Recession-Resistant Asset Class
During a recession, many property types tend to lose tenants and suffer from reduced cash flow and lower rents.
Self storage is not nearly as affected because storage needs actually increase in a recession.
There is less reliance on individual tenants and significantly less maintenance and operational costs than any other asset type.
The Offering
Focus on the acquisition, redevelopment, and strategic management of vacant buildings to create Class “A” REIT-Ready Climate-Controlled Self Storage Facilities.
TriCore Investment Group will develop a class-A, self storage conversion located in Wichita, KS. The project will consist of converting an existing industrial building into a state-of-the-art, fully climate-controlled facility.
A Growing Market
Wichita, the largest city in Kansas and a thriving cultural and economic hub, is home to major aircraft manufacturers and aviation companies, earning it the nickname of “Air Capital of the World.”
Dense population and stable employment in an undersupplied market
• No new supply delivered during past 3- years
• High Average Rate of $136 per month for a 10x10 climate-controlled storage in the area
• Discount to ground-up replacement cost
The Self Storage Asset Class
We understand that self storage isn't what most investors would consider "sexy." Sure, it may not have drywall, carpet, or HVAC, but from an investment and ROI standpoint, self storage is one of the best investments in the US. Here's why:
Resistant To Recession and can be more profitable than other asset classes.
Low tenant turnover
One of the most consistently profitable real estate industries.
Forget any preconceived notions you may have about self storage and discover why savvy real estate investors have had storage in their portfolio for years.
Our Experienced Property Management Team
We've spent years in the self storage sector and bring loads of experience to this project.
One focus: Storage (for the past 18 years).
Our niche has been to turn around underperforming assets by our management style and focus on details.
Record of increasing income and decreasing expenses to create more value.
Over 4.35 million square feet of storage under management
Ability to replicate systems, protocols, processes and procedures.
Meet our Management Team
Scott Meyers
Chief Investment Office
Kenneth Lange
Chief Financial Officer
Scott Dahin
Chief Executive Officer
Lawrence Murphy
Chief Operating Officer
What You’ll Learn in The Investor Presentation
Bottom line, we look for properties in communities with a growing population, ample employment opportunities, and strong demand for self storage. Coupled with our world-class management team, experience in self storage, and an under-served community with high demand, it’s hard to imagine this investment being anything but a slam-dunk for our investors!
We think you’ll be blown away when you discover all the details of this investment on the investor call. Here’s what you'll learn:
Our strict investing criteria and process.
You’ll discover all the numbers you need to evaluate this amazing deal including assumptions, splits, returns, appraisals, and more!
What this investment looks like – cash-flow expectations, purchase price, exit cap, and equity.
Why we love self storage and how it fits into your portfolio.
Best of all, you will hear quesitons and answers from those who attended the live session.
A deep dive into the actual property and the experience that the management team offers.
This is an exciting new self storage development investment opportunity with potential for strong returns.
We can’t wait to share this enormous opportunity with you in the presentation!
Open for Investment Now. Act fast.
NOTE: This 506(c) project is for ACCREDITED Investors only.
Passive Storage Investing Syndication Benefits
Syndication Leverage
Leverage our vast experience, financial sponsorship strength, and capital aggregation to invest in high-value self-storage facilities with high returns.
Tax-Advantaged Investing
Enjoy the potential for tax advantages such as depreciation, passive income tax treatment, Self-Directed IRA & 401(k) investing.
Capital Appreciation
Increased property value through physical and operational improvements that increase the value of the property by increasing Net Operating Income (NOI).
Recession Resistant
Self storage has done historically well in past recessions as people downsize and need a place to store their possessions.
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*This is a 506(c) investment for accredited investors only.
Any performance figures mentioned are projections. Any information that may be furnished to prospective investors by the Manager may include certain statements, estimates, and forward-looking projections with respect to the anticipated future performance of the company. Such statements, estimates, and forward-looking projections reflect various assumptions of the Manager that may or may not prove to be correct or that may involve various uncertainties. No representation is made, and no assurance can be given, that the company can or will attain the Manager's projected results. Actual results may vary, perhaps materially, from such projections.
Disclaimer: The Passive Storage Investing website is intended solely for informational purposes. The Passive Storage Investing website does not constitute an offer to sell, or a solicitation of an offer to buy, an interest in a Passive Storage Investing investment opportunity. All information included in this website is believed to be current as of the date hereof and is subject to change, completion, or amendment without notice. The Passive Storage Investing website does not purport to contain all the information necessary to evaluate an investment with Passive Storage Investing, any such offer or solicitation will be made only by the delivery of a confidential Private Placement Offering Memorandum (PPM)relating to a particular investment. Access to information about the investments are limited to investors who either qualify as accredited investors within the meaning of the Securities Act of 1933, as amended, or those investors who are sophisticated in financial matters, and it is understood that you will make your own independent investigation of the merits and risks of any future investment with Passive Storage Investing & partnered operators. All prospective investors are encouraged to conduct their own independent due diligence investigation, review, financial projections, and consult with their legal, tax, and other professional advisors before making an investment decision.
This website may include forward-looking statements. All statements other than statements of historical facts included in this website, including, without limitation, statements regarding the future financial position, targeted or projected investment returns, business strategy, budgets and projected costs, plans and objectives for further operations, are forward-looking statements. Forward-looking statements reflect our current expectations and assumptions as of the date of the PPM, and are subject to a number of known and unknown risks, uncertainties and other factors, many of which are beyond our control, which may cause actual results, performance or achievements to be materially different from any anticipated future results, performance or achievements expressed or implied.