Investment Strategy
- Acquisition Size
- $4MM–$50MM
- Target Stabilized Levered Cash Yield
- 7%+
- Target Levered IRR
- 15%+
Target returns are forward-looking, not guaranteed, and not an offer to sell securities.
Ramser Development Company (“Ramser”) acquires and operates vehicle and self storage properties in California and Central Florida. We focus on core-plus and value-add assets. We buy existing properties and improve them through refurbishment, repositioning, and better operations. We do not pursue ground-up development.
Our target assets include RV and boat storage, managed truck parking, container storage, industrial outdoor storage (IOS), and self storage. We invest where population growth and demand drivers are strong, and we favor sites with low coverage and minimal recurring capital needs. We acquire through single-purpose entities, joint ventures, and co-investments with other property owners.
We believe this approach delivers strong risk-adjusted returns for our investors.
Track Record
Ramser currently operates ten properties across California and Florida, with more than 100 acres of outdoor storage and 450,000 square feet of covered and self storage space. Our tenants range from individual RV and boat owners to Amazon, which leases space at two of our sites.
Vehicle & Outdoor Storage
| Property | Location | Description |
|---|---|---|
| RV Storage Depot – Irvine | Irvine, CA | 20-acre yard with 1,314 month-to-month spaces for RVs, boats, and small commercial vehicles |
| RV Storage Depot – Norwalk | Norwalk, CA | 90,000 SF of covered storage plus 7 acres of surface storage, with self-park and valet spaces |
| RV Storage Depot – McClellan Park | McClellan Park, CA | 140,000 SF industrial building converted to fully valet-served indoor RV and boat storage |
| RV Storage Depot – Santa Ana | Santa Ana, CA | 3.5-acre yard leased to Amazon |
| Truck Storage Depot – Orlando | Orlando, FL | 15-acre truck storage site; Amazon is a tenant |
| RV Storage Depot – Altamonte Springs | Altamonte Springs, FL | 55-acre RV storage site |
Self Storage
| Property | Location | Description |
|---|---|---|
| StoreLocal at McClellan Park | McClellan Park, CA | 40,000 SF, 350 climate-controlled, interior-access units from 5x5 to 10x20 |
| StoragePro – Woodland | Woodland, CA | 45,000 SF, 450 units |
| StoragePro – North Highlands | North Highlands, CA | 55,000 SF, 525 units |
| Lockaway Storage | Castro Valley, CA | 80,000 SF, 294 units |
Target Markets
California and Central Florida: high-growth markets with strong population density, recreation demand, and logistics activity.
Acquisition Criteria
Investment Profile
- Purchase price at a discount to replacement cost
- Existing properties that need recapitalization, re-tenanting, refurbishment, or repositioning
- Upside from rate optimization, expanded unit mix, or improved operations
Site Attributes
| Attribute | Vehicle & Outdoor Storage | Self Storage |
|---|---|---|
| Size | 2–75 acres | 50,000+ SF |
| Demographics | 50,000+ residents within 3 miles | 50,000+ residents within 3 miles |
| Permitted uses | RV/boat, IOS, container, managed truck parking | Self storage |
Return Targets
| Strategy | Target Yield on Cost |
|---|---|
| Stabilized | 7%+ |
| Value-Add / Refurbishment | 8%+ |
Target returns are forward-looking, not guaranteed, and not an offer to sell securities.
Deal size: $4MM–$50MM
Why Vehicle & Outdoor Storage
RV and boat storage and managed truck parking/IOS share the same fundamentals:
- Similar sites. Both use low-coverage, paved, industrially zoned land close to population centers.
- Underserved niche. Institutional capital has not entered these segments at scale.
- Essential demand. Owners store expensive durable goods and need a secure place to keep them. RV owners now use their vehicles a median of 30 days a year, up 50% from 2021, and 16.9 million households say they intend to buy an RV within five years (RV Industry Association / Ipsos, 2025). E-commerce is driving demand for truck parking and container storage. Contractor and laydown yards keep growing.
- Constrained supply. Strict zoning, municipal restrictions, poor building-to-land ratios, and high land and construction costs make new sites hard to entitle and build.
- Resilient income. Once stabilized, these properties need very little recurring capex.
- Exit flexibility. The land has long-term value, which gives us several ways to exit.
Target returns are forward-looking, not guaranteed, and not an offer to sell securities.