We do everything with our core values of honesty, hard work, and trust.
We believe these characteristics should influence everything we do in business and in life. We sincerely enjoy the work we do, and our clients get to reap the benefits.
Rincon Partners' Self-Storage Strategy includes the acquisition and development of Class A, climate controlled self-storage facilities in high growth markets. Rincon targets existing self-storage properties or self-storage development sites that have the potential to deliver above-market returns. Rincon evaluates such properties over multiple time horizons from development projects with a target sale at certificate of occupancy or stabilization to long-term holds which provide ongoing cash flows and capital appreciation. Rincon focuses on the following investment acquisition criteria in its Self-Storage Strategy:
Strong demographics which support the "target tenant" and expected unit rents
Strong location within the market, a good neighborhood with high barriers to entry or high growth expectations
Markets with institutional investors and national third-party managers
On existing properties:
In place rents which are below surrounding market rents (even if in-place rents are at market for the condition of the property)
Opportunity for organic NOI improvement by reducing vacancy and turnover and reducing operating costs
Opportunity for enhancements to property amenities to improve tenant experience and increase rental rates