Real Estate Conversions LLC
Real Estate Conversions LLC, is a company specializing in investing in self-storage value-add deals, self-storage conversions, and self-storage development opportunities.
We believe that these projects hold tremendous potential for our company and fellow real estate investors who share our vision of improving these properties both aesthetically and functionally, while providing affordable, safe, and high-quality storage solutions to underserved communities in our target cities.
Our Business Model
At Real Estate Conversions LLC, our business model centers around the acquisition, rehabilitation, and repurposing of well-located self-storage facilities in the southeast US.
We follow a strategic approach:
- Acquisition: We identify and purchase underperforming self-storage properties.
- Rehabilitation: We invest in essential improvements such as structural enhancements, electrical upgrades, roofing repairs, plumbing updates, and other necessary renovations to ensure safety and operational compliance.
- Conversion: We undertake a comprehensive renovation process, revamping storage units, upgrading flooring, ceilings, walls, doors, lighting, security systems, and other fixtures to enhance functionality and aesthetics.
- Development: We focus on developing new self-storage facilities by constructing or expanding existing structures to meet the growing demand for storage space.
- Transformation: Through our efforts, we transform these properties both inside and out, creating attractive and efficient storage environments.
Once the rehabilitation or development phase is complete, we shift our focus to leasing the entire property to a new/existing customer base. Our operational strategy involves offering flexible rental terms, catering to individuals and businesses in need of secure storage solutions. We are committed to selecting tenants who value our affordable rates, prioritize safety, and appreciate the quality storage experience we provide.
Our Investment Goals
As real estate investors, we have set ambitious investment goals. We anticipate significant profitability through an accelerated revaluation process, driven by a stable and reliable rental income stream from a desirable tenant base. Our self-storage properties offer sought-after features that tenants value, enabling us to provide secure, high-quality storage solutions at affordable rates.
Our buying criteria can be found by clicking Acquisition Criteria.
For More Information
Please click Contact for more information about our company.
Warm regards,
Michael Petrone, MBA
CEO, Real Estate Conversions LLC