8% Annually.
Paid Monthly.
No Fees.
No Surprises.
The Storage of America Income Fund pays accredited investors a fixed net 8% annual return — distributed monthly, with no fees. Backed by a seasoned operator with over two decades and zero loan defaults.
The Trade-Off Between Safety and Strong Returns Is Over
The Storage of America Income Fund is a real estate debt fund that loans capital exclusively to Storage of America to fund the development and acquisition of self-storage facilities. Investors receive a predictable, fixed return — with the security of a real asset as the underlying collateral.
Fixed Net Annual Return
A predictable, fixed rate of return — net of all expenses. What you're quoted is what you receive. No surprises, no hidden deductions.
Monthly Distributions
Returns are distributed every month — regular income you can count on and plan around.
Zero Investor Fees
No management fees. No performance fees. No entry or exit charges. The fund structure is designed to keep your return whole.
Real Asset Backing
Every dollar lent is collateralized by operating self-storage real estate. Tangible assets, appraised values, and a 20-year track record of zero defaults.
For accredited investors seeking reliable income.
Self-Storage: Built to Perform in Any Economy
Self-storage has been one of real estate's top-performing sectors since its inception in the 1960s — and one of the few that held firm through the 2008 financial crisis, posting the lowest default rate of any commercial mortgage-backed security asset class nationwide.
When households downsize, move, or transition — they need storage. Demand holds regardless of economic conditions.
High rates of rent growth and appreciation across cycles. Strong occupancy even during new supply periods.
The share of households and businesses using self-storage as a normal part of life has grown significantly since the 1990s and continues to expand.
Compared to multifamily or commercial real estate, self-storage has lower maintenance intensity, no tenant improvements, and scalable remote management.
A Track Record Built Over Two Decades
Storage of America has developed and operates one of the largest regional self-storage portfolios in the Midwest — built through disciplined acquisition, in-house development, and operational excellence.
What Sets Storage of America Apart
Closes on less than 1% of deals analyzed. Rarely acquires properties for more than 50% of replacement cost — often significantly less. Former Target and big-box conversions acquired at $5–10/SF where replacement costs run $80–100/SF.
Construction and development managed entirely in-house. The result: 3.5M+ SF developed for $77.8M — approximately $35/NSF, far below market development costs.
Operates some of the largest self-storage facilities in Indiana, Michigan, and Ohio. Remote-managed sites run at 0.5 FTE per facility — driving margins far below the industry average.
Robert Walker has led real estate investment since 1990. Neither he nor any related entity has ever defaulted on a loan — across more than 700 total property transactions.
View the full portfolio and case studies in the offering materials.
What Disciplined Investing Looks Like
Every project in Storage of America's portfolio was acquired at a fraction of replacement cost and developed for significantly less than the competition. These numbers speak for themselves.
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East Washington
Acquired a 103,000 SF former Venture Department store for $1M ($10/SF) and converted it into a self-storage facility with an indoor drive aisle. A second phase added 72,000 NSF on the parking lot, bringing the facility to 144,000 NSF across 1,102 units.
Range Road
Acquired a 166,000 SF factory outlet mall on 52 acres for $600,000 — just $3.61/SF against replacement costs of $80–100/SF. Converted to a 118,000 NSF climate-controlled facility. Despite a relatively small supporting market, has stayed above 90% occupancy consistently.
South Boulevard
Acquired a vacant 63,000 SF former Target store for $1.3M all-in. Despite being in a small market of just 16,000 people, lease-up far exceeded expectations — reaching 90% occupancy in the third year of operation.
Gustine
Acquired a 3-story, 672,000 GSF warehouse for $6.40/GSF. Converted the first floor to climate-controlled self-storage, leased the upper floors to warehouse tenants — generating cash flow during conversion. The project will ultimately house 500,000+ NSF of self-storage.
Experienced Leadership. Aligned Incentives.
Storage of America's executive team brings more than 120 years of combined experience in real estate investment, development, finance, and operations. The principals are invested in the same assets as our fund investors.
Robert B. Walker
Robert founded Storage of America in 2003, pioneering the big-box retail conversion model that defines the company's competitive advantage. Prior to Storage of America, he founded Walker International Capital in 1990, acquiring distressed properties during the S&L Collapse. Storage of America and Walker International Capital combined have acquired more than 700 properties across self-storage, multifamily, retail, office, hotel, and land. Throughout his 33-year real estate career, neither he nor any related entity has ever defaulted on a loan.
Derek Walker
Derek oversees Storage of America's development, operational, and financial activities. Previously Director of Strategic Projects for a national economic development consulting firm and worked with real estate advisory firms in New York City.
Kathleen Lamb
Kathleen joined Storage of America in 2012 and plays a key role in driving occupancy and revenue across all operating facilities. She brings 15+ years of self-storage industry experience, having risen from facility manager to District Manager overseeing multiple facilities for a national operator.
Kenny Moore
Kenny manages all accounting for Storage of America's operational and development activities. He brings 40+ years of accounting and finance experience across banking, retail, nonprofit, and SBA sectors — previously serving as CFO of Northwest Haiti Christian Mission and Director of Accounting at FORUM Credit Union.
Tom Fitzpatrick
Tom is responsible for all building, permitting, and initial occupancy of new construction and conversions. He brings deep civil engineering and construction management experience across institutional projects and holds a Michigan General Contractors License.
Chris Bada
Chris leads investor relations for the Storage of America Income Fund, managing communications and relationships with accredited investors, family offices, and advisory firms. He brings a background in finance and capital markets with a focus on income-producing real estate strategies.
Justin Walker
Justin oversees asset management across Storage of America's operating portfolio, focusing on performance optimization, value enhancement, and strategic planning for existing facilities and those in the development pipeline.
Austin Bush
Austin manages construction operations across Storage of America's development pipeline. He brings extensive project management experience across major site development and civil construction projects, previously working with Green Construction Inc. and BH, Inc.
Frequently Asked Questions
Is the 8% return fixed or a target?
The Storage of America Income Fund pays a fixed net 8% annual return to investors. "Net" means after all fund expenses — there are no management fees or other charges that reduce your return. The 8% is what you receive.
How and when are distributions paid?
Returns are distributed monthly — not quarterly or annually. You receive regular income you can plan around. Distributions are deposited directly to investors each month for the duration of the investment.
What are the fees?
There are no investor fees. No management fee, no performance fee, no entry or exit fee. The fund structure is designed so that your quoted return is your actual return.
Who can invest in the fund?
This offering is available to accredited investors as defined under SEC Rule 501. This includes individuals with a net worth over $1M (excluding primary residence), or income exceeding $200,000 individually ($300,000 jointly) in each of the two most recent years. Institutional investors including family offices, trusts, and advisory firms also qualify. Please consult the Offering Memorandum for full eligibility details.
What is the minimum investment?
Minimum investment details are outlined in the Offering Memorandum. Please complete the inquiry form to receive the full offering materials. The minimum investment is $250,000.
How is my investment secured?
The fund operates as a real estate debt fund — meaning it lends capital to Storage of America to fund the acquisition and development of self-storage facilities. Every dollar of fund capital is collateralized by operating real estate assets with appraised valuations. The current portfolio carries appraised valuations exceeding $250M. Storage of America's principal, Robert Walker, has recorded zero loan defaults in 33+ years of real estate investing.
What is the investment term?
Term details are provided in the Offering Memorandum. Please request the full offering materials to review term length, liquidity provisions, and redemption terms.
Why self-storage specifically?
Self-storage has consistently been one of real estate's top-performing asset classes since the 1960s — and one of the most resilient. During the 2008 recession, self-storage posted the lowest default rate of any commercial mortgage-backed security asset class in the country (CCIM). Demand is driven by life events — moving, downsizing, divorce, business transitions — that occur in both good economic times and bad. Storage of America's specific competitive advantage is acquiring facilities well below replacement cost and operating at scale with proprietary technology infrastructure.
How do I get started?
Complete the inquiry form on this page and our investor relations team will be in touch within one business day. We'll send you the full Offering Memorandum and schedule a call to answer any questions you have before making a decision.
Has Storage of America ever defaulted on a loan?
No. Neither Founder and Principal Robert Walker nor any related entity has ever defaulted on a loan — across more than 700 total property transactions and over 33 years in real estate investment since 1990. This track record has been maintained through multiple economic cycles, including the 2008 financial crisis.
How is the SOA Income Fund different from a REIT?
A traditional REIT gives investors equity ownership in real estate — returns fluctuate with property performance, dividends can vary, and publicly traded REITs carry stock market exposure. The SOA Income Fund is structured differently: investors are lenders, not equity holders. Your capital is loaned to Storage of America and collateralized by operating self-storage real estate. The return is a contractually fixed 8% net annually — independent of occupancy rates or market conditions. Your position is senior to equity in the capital structure.
What happens at the end of the 3-year fund term?
At the end of the 3-year term, principal is returned to investors along with the final period's distribution. Full details on the term, liquidity provisions, and redemption process are provided in the Offering Memorandum. Complete the inquiry form or contact Chris Bada directly at [email protected] to receive the full documentation.
Prefer to Talk First?
Our investor relations team is happy to answer your questions before you commit to anything. Schedule a 30-minute call with Chris Bada, VP of Investor Relations, to discuss the fund structure, your investment objectives, or anything else on your mind.
Chris works directly with prospective investors to walk through the offering, answer structural questions, and help determine if the fund is the right fit for your portfolio. No sales pressure — just a straightforward conversation.
A focused conversation — no lengthy pitch, no obligation.
Fund structure, security, minimums, distributions — all on the table.
We only work with investors who are a good fit. This is a discovery call, not a close.
Individuals, family offices, trusts, and advisory firms are all welcome.
Ready to Receive the Offering Memorandum?
Complete the form below and we'll send you the full Offering Memorandum and connect you with our investor relations team. This offering is available to accredited investors only.