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Direct Equity Source announced the expansion of its Income Fund portfolio with the addition of two new self-storage properties.
Officials said this propels its existing holdings in its Income Fund from 20 to 22 self-storage and flex space properties.
The acquisitions mark another step in the firm's strategy to strengthen its position in the fast-growing self-storage sector, the officials said.
The officials said the new properties expand the Fund's footprint in markets in York, South Carolina, as well as Clover, South Carolina, and are expected to deliver both immediate income and long-term growth for investors.
"Self-storage continues to prove itself as one of the most resilient and reliable real estate asset classes," said Joel Duncan, marketing manager of Direct Equity Source. "By adding these properties to our Income Fund, we are creating new opportunities for investors while growing our presence in markets where demand is strong."
Austin, Texas-based Direct Equity Source is a private equity firm specializing in real estate investments, with a focus on self-storage and flex-space assets.
Officials said the firm's Income Fund provides investors with access to a diversified portfolio of income-producing properties designed to generate consistent returns.
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