05/07/2026
Exciting News from Boardwalk Development Group!
Boardwalk Development Group, the 45th largest self-storage operator in the nation, is proud to announce the launch of Boardwalk Storage Fund V!
We’re acquiring a premier 7-property, cash-flowing portfolio in Auburn, AL (formerly Sun Self Storage) — 496,779 sq ft of climate-controlled and non-climate-controlled facilities, 3,726 units, and nearly 34% market share in one of the country’s fastest-growing markets. Total acquisition: $56 million.
This new fund continues our proven track record of delivering strong risk-adjusted returns through hands-on management in high-growth Southeast markets (GA, TN, SC, NC, AL).
Since 2016, BDG has closed on $500M+ in projects across 43 properties, with prior funds delivering an average gross IRR of 39% and 3x equity multiple.
“Launching our fifth and largest fund to date reflects the confidence our investors have in our team and platform,” said Doug Steverson, Chief Operating Officer. “Fund V builds on that momentum and offers the opportunity to capitalize on continued demand for quality storage in booming markets.”