Why we built an investment holding company instead of a fund.

Operators first, allocators never.

Real Capital Partners is not a blind-pool fund. It is an investment holding company with deployable capital for middle-market operating platforms. Rob Consalvo and I started the firm because we believe that the best way to create long-term value in a capital-intensive sector is to build and operate the businesses from the inside, not to write a check and wait for a quarterly report to tell you what happened.

We have spent two decades doing exactly that. In 2012 we launched iStorage with friends-and-family capital, grew it to 70+ self-storage facilities across 13 states, recapitalized with a state pension fund in 2014, and sold the entire platform to National Storage Affiliates on the NYSE and Smart Stop Self Storage for a combined $700 million in 2016. In 2014 we started JLE Industries, a long-haul flatbed logistics company, and grew it to 250+ tractors before recapitalizing with a global logistics real estate leader for $80 million in 2018. JLE went on to win Commercial Carrier Journal Innovator of the Year and Ernst and Young Entrepreneur of the Year.

The thesis has always been the same: find a fragmented middle-market sector, build the operating infrastructure, acquire assets at below-replacement cost, and run the business with our own capital alongside our partners.

Three platforms, one holding company.

The current portfolio is three operating platforms. Store Space is our flagship: 100+ self-storage facilities across the United States with a portfolio valuation exceeding $1 billion. We have completed $330+ million in recapitalizations over the past two years and have approximately $400 million in future equity commitments in the pipeline. Store Space is acquiring actively across the national footprint and the thesis is the same playbook we ran at iStorage, executed at institutional scale.

Sud Stop is our third platform: a premium, subscription-based express car wash company. We opened the first location in Bradenton, Florida in 2023 and have expanded to 33 locations across the Southeast with sites in Florida, Georgia, Alabama, North Carolina, and South Carolina.

The bench behind the platform.

The bench matters as much as the thesis. Rob Consalvo, our co-chairman and president, spent two decades in self-storage operations and formerly served as president and chief technical officer of Storage Rentals of America. Vince Toenjes, our chief legal officer, spent 25 years in commercial real estate law and was the general counsel and corporate secretary behind the $1.3 billion sale of LifeStorage to NYSE:LSI. Edward Moran, our chief investment officer, spent a decade in acquisitions and was the senior VP of investments at Store Space where he led the acquisition of 100+ properties and 7.5 million square feet.

Every member of the leadership team has built, operated, and exited real assets. Capital partners are covered by the same team that runs the businesses, not by a separate investor-relations desk.

How the capital-partner relationship works.

Capital partners invest alongside Real Capital Partners into the operating platforms directly. This is not a fund-of-funds structure and there is no layered management fee between the LP and the asset. The alignment is straightforward: we run the business, we co-invest into every deal, and our economics are tied to the same outcome as yours.

The introductory call covers the specific terms, the current pipeline, and the operating track record in detail. We are transparent about the structure because the model only works when the capital partner has full visibility into how the platform operates and where the capital is deployed.