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Madison Capital and SLI Capital Announce Deal to Purchase Controlling Interest in Green Space Self Storage

Madison Capital Group, a FrontRange platform company, announced that they purchased a controlling interest in Green Space, a self storage company, with SLI Capital. The following  press release  contains additional details on the project.

Raleigh, NC — SLI Capital CEO Bryan Kane and Madison Capital CEO Ryan Hanks announced this week that their firms have purchased a controlling interest in Green Space, a self storage company with an innovative proprietary concept that constructs self-storage facilities out of stacked shipping containers.

Green Space is a real estate development and construction company providing cost-reducing self storage solutions with an emphasis on environmental conservation. Founded in 2015, Green Space holds US and European patents for its groundbreaking technology used to build multi-story, self storage facilities out of shipping containers. The company’s designs result in significant construction cost savings and shorten typical construction schedules. Principals Rick Stockton and David Ledoux will continue to be involved in the company’s management.

“We believe that the Green Space technology provides profound innovation in the self storage space and the investment alongside SLI Capital will provide the growth capital and operational expertise needed to take Green Space to the next level,” said Madison Capital CEO Ryan Hanks.

“Our goal is to grow the company rapidly due to its advantage in construction speed and superior basis while the balance of the traditional self storage market is soft,” said SLI CEO Bryan Kane. “Through partnering with the Madison Capital team, we will have immediate operating expertise and scale enabling us to ramp up quickly.”

“We found the perfect partners in SLI and Madison. Their principals bring the capital markets knowledge and operations experience we needed to take our self storage concept to new heights,” said Green Space founder David Ledoux.

The deal closed on February 2, 2024.

About Madison Capital Group

Madison Capital Group is a vertically integrated real estate investment firm that owns, operates, acquires and develops suburban multifamily properties and self storage facilities. Madison is active in 13 states and is focused on expanding its footprint throughout the Sunbelt. Currently, Madison has over 3,000 apartment units under development or in planning and owns more than 90 self storage assets under the Go Store It banner. For more information on Madison, please visit madisoncapgroup.com.

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