RALEIGH – 10 Federal Self Storage, a rapidly growing entrepreneurial company focusing on automating self-storage facilities and has other real estate plays, has closed on nearly $11 million in its fourth acquisition fund.
The company is aiming to raise $100 million, according to an SEC filing.
If it reaches that total 10 Federal will exceed the total of its first three funds.
So far 24 investors have participated in the new round, which was announced earlier this year.
It’s an equity investment, the filing says.
The form was signed by manager Clifton Mimsley.
More growth for storage tech firm 10 Federal: Raises $7.4M, makes two acquisitions
