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Our Funds

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Morningstar’s future growth in the self-storage sector is funded through Blue Doors Capital Management, which manages the company’s affiliated private equity funds designated for acquisition and development of properties.  Blue Doors Capital Management’s investments focus is on acquiring and developing self-storage properties in major metropolitan markets and strategic secondary markets. The target profile is the Southeast, Texas and Ohio.

In 2013, Morningstar Properties closed on a $52.5 million private equity fund Blue Doors Storage Fund I. The Fund is a Delaware-based limited partnership with approximately $150 million in purchasing power that has allowed the the company to acquire and develop 21 self storage facilities across the Southeast, Ohio and Texas.

In 2014, Morningstar Properties closed a second private equity fund, aptly named Blue Doors Storage Fund II, with $77.5 million in capital commitments.  Blue Doors Storage Fund II is also a Delaware-based limited partnership with approximately $200 million in purchasing power.

In 2016, Morningstar Properties closed a third private equity fund, aptly named Blue Doors Storage Fund III, with $90 million in capital commitments.  Blue Doors Storage Fund III is also a Delaware-based limited partnership with approximately $250 million in purchasing power.

For more information, please visit bluedoorsfunds.com.

 

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