Core Self-Storage
Core self-storage acquisition and development, and premium climate-controlled storage.
Investment focus
- Core acquisition of Class A and Class B self-storage facilities in top-100 MSAs
- Ground-up development of storage assets in supply-constrained submarkets
- Adaptive reuse of retail, warehouse, and office assets into storage
- Premium climate-controlled facilities in high-density metropolitan markets
- Portfolio rollups and single-facility recapitalizations
- Integrated revenue management from the Technology & Platform Fund
Fund parameters
| Fund Name | MajorWave Core Self-Storage Fund |
|---|---|
| Fund Size | $8,375,711,088 |
| Strategy | Core self-storage acquisition and development, and premium climate-controlled storage. |
| Sector Focus | Self-Storage Real Estate — Acquisition, Development & Aggregation |
| Net IRR Target | 14-18% net IRR |
| Vehicle Structure | Delaware Limited Partnership |
| Domicile | Wilmington, Delaware |
| General Partner | MajorWave GP Core Self-Storage Fund LLC |
| Investment Manager | MajorWave Capital Management, LLC |
| Fund Term | 10 years (two 1-year extensions at GP discretion) |
| Investment Period | 5 years |
| Carried Interest | 20% above 8% preferred return (with 100% GP catch-up) |
| Preferred Return | 8% compounded annually |
| GP Commitment | 2% of total fund commitments |
| Minimum LP Commitment | $2,000,000 |
| Distribution Waterfall | European (whole-fund) waterfall |
| LP Advisory Committee | Yes — established at first close |
| Reporting | Quarterly financial statements; annual audited financials; annual meeting |
| Auditor | PricewaterhouseCoopers LLP |
| Legal Counsel | LePore Law Group |
| Fund Administrator | Independent Third-Party Administrator (to be appointed) |
Full economic terms, clawback mechanics, recycling provisions, leverage limits, and ESG integration are disclosed in the fund's Private Placement Memorandum, Limited Partnership Agreement, and Subscription Agreement. Contact Investor Relations for the current data-room.
Institutional standards apply
Fund I is structured as a Delaware limited partnership with a fund-specific general partner entity (MajorWave GP Core Self-Storage Fund LLC). Every capital commitment requires unanimous Investment Committee approval. Deployment is monitored against the fund's underwriting model on a monthly cadence. PricewaterhouseCoopers LLP audits fund financial statements annually. The LP Advisory Committee is established at first close and reviews conflicts, valuation methodology, and material policy questions on an ongoing basis. The Chief Risk Officer holds veto rights on any commitment that would breach the fund's concentration, counterparty, leverage, or liquidity thresholds.