Direct Equity Source Announces Strong Leasing Momentum at Newly Opened Self-Storage Facility

AUSTIN, Texas, March 26, 2025 /PRNewswire/ --  Direct Equity Source, a leading private equity firm specializing in real estate investments, is pleased to announce strong leasing activity at one of its recently opened self-storage facilities in Cibolo, Texas, marking a significant milestone in the success of its income fund.

Phase 1 of the facility, which officially opened in Q3 of 2024, has already reached approximately 50% occupancy, reflecting strong demand and positive market reception. The property offers a range of storage solutions, including climate-controlled and standard units, catering to both residential and commercial customers. Based on the rapid lease up, DES and its equity partners have moved up the timeline for expansion on Phase 2 later this year. 

"We are encouraged by the rapid lease-up of Phase 1 and the strong interest from local tenants," said Joel Duncan, Marketing Manager at Direct Equity Source. "This performance underscores the strength of our investment strategy and the continued demand for high-quality storage solutions in this market."

With leasing momentum continuing, the company is actively preparing for the next phase of development, ensuring that the facility remains well positioned to serve the growing needs of the community.

Direct Equity Source is currently involved in the development of 8 Self-Storage and Flex Space Industrial Parks throughout Texas and Florida, and anticipates breaking ground on 6-8 additional properties during 2025. 

For more information about Direct Equity Source and its real estate investment opportunities, visit www.directequitysource.com

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SOURCE Direct Equity Source