Direct Equity Source is now offering investment positions in the Fund for the development of Green Valley Business Park and Self-Storage. The experienced firm is building upon its success and the leasing results of the Fund’s initial eight properties, providing investors with the opportunity to participate in this lucrative project. Additionally, the passive investment positions are 1031 Exchange compatible.
Green Valley Self-Storage
Phase 1 of this project was completed in late June 2024 and includes 263 units and 34,300 net rentable square feet. As of April 2025, the facility had achieved economic occupancy of 52%. With lease-up averaging 8 percentage points a month, Green Valley Phase I is on track to reach its target occupancy of 65-70% within 12 months of opening. Direct Equity Source generally assumes 12 to 18 months to reach the target occupancy for Phase 1, and this facility is performing in line with best-case assumptions. Based on the progress at this location, construction of the final phase of the project is anticipated in late July 2025. Financing for Phase 2 is in place, and Direct Equity Source is in the process of finalizing construction drawings and permitting.
Green Valley Business Park
The Green Valley business park, which will include 170,000 square feet of office/industrial flex space to be constructed in 2 phases. Green Valley Business Park is now scheduled to start construction in late June 2025. The project has completed permitting, and Direct Equity Source is finalizing financing for construction. Pre-leasing activity for this project will start in late 2025.
Focusing on high-growth markets in key metropolitan areas with strong fundamentals and robust demand has proven to be a highly successful approach for Direct Equity Source’s portfolio. Cibolo, Texas, ideally meets this archetype as the city of over 33,000 is undergoing a generational period of growth fueled by its location between San Antonio and New Braunfels. Green Valley Business Park and Self-Storage will be perfectly poised to leverage unmet demand as storage construction is muted and small bay office/industrial flex space is some of the hottest real estate in the nation, outpacing the national industrial occupancy rate by 4%.