MajorWave
MajorWave
Modern, climate-controlled self-storage for residents and businesses.
Investment thesis
MajorWave creates, acquires, and manages modern storage facilities across the United States, delivering secure, flexible, and energy-conscious solutions for individual residents and businesses. The company combines smart climate control, advanced security, and sustainable building practices in facilities designed for evolving urban and suburban demand. Self-storage produces resilient, recurring income with low operating intensity and demand that tends to hold across economic cycles. As a core-income position within the housing platform, MajorWave compounds through stable occupancy and disciplined facility management. Returns are driven by recurring rental income and operating efficiency rather than cyclical asset appreciation.
What MajorWave operates
- Operates climate-controlled storage units for personal and commercial use
- Provides expert facility management ensuring efficient, high-standard operations
- Delivers proactive maintenance that protects asset quality
- Integrates smart security and access technology across facilities
- Applies sustainable building practices to reduce operating cost
Fund architecture
MajorWave deploys investment capital through a consolidated stack of 13 platform funds, anchored by an originating Fund 0 vehicle and built out across Fund I through Fund XIII. Each fund targets a distinct sub-strategy within self-storage, while operations and reserve funds provide platform infrastructure, liquidity, and co-investment capacity. The architecture concentrates capital in scaled vehicles and aligns terms to the cash-flow durability of each strategy.
| Fund | Strategy | Target size | Target return |
|---|---|---|---|
| Fund I | Core Self-Storage Acquisition and Development | $9.00B | 8% pref |
| Fund II | Premium Climate-Controlled Storage | $3.00B | 8% pref |
| Fund III | Self-Storage Management Platform | $3.00B | 8% pref |
| Fund IV | Boat and RV Storage | $2.90B | 8% pref |
| Fund V | Luxury Collectibles Storage | $3.00B | 8% pref |
| Fund VI | Student Self-Storage | $3.00B | 8% pref |
| Fund VII | Last-Mile Logistics and Storage | $3.00B | 8% pref |
| Fund VIII | Self-Storage Technology and Automation | $3.00B | 8% pref |
| Fund IX | Self-Storage REIT Platform | $3.00B | 8% pref |
| Fund X | Small-Bay Industrial and Flex | $3.00B | 8% pref |
| Fund XI | Portable and Mobile Storage | $3.00B | 8% pref |
| Fund XII | Records Management and Document Storage | $3.00B | 8% pref |
| Fund XIII | Self-Storage Mortgage Credit | $9.45B | 8% pref |
In MajorWave we backed durable demand and disciplined operations. The thesis is simple: own essential assets, underwrite conservatively, and let recurring income compound.Slate Blue Capital Investment Committee
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