Direct Equity Source has acquired three self-storage properties in Granbury, Texas, expanding its portfolio in North Texas as the private equity real estate firm continues investing in self-storage and flex-space assets across growth markets.
Financial terms of the acquisitions and specific property details, including purchase prices, unit counts and total square footage, were not disclosed. Direct Equity Source completed the acquisitions in partnership with its operations partner, which will manage the facilities.
The three properties increase the firm’s exposure to Granbury, a market where Direct Equity Source is targeting population growth and demand for additional storage capacity. The company views the acquisitions as part of a broader strategy focused on income-producing properties in Texas and select U.S. markets.
“Our continued investment in Granbury reflects our confidence in both the market and our operating partnership,” said Garland Benton, director of business development at Direct Equity Source.
Benton said the firm is targeting acquisitions capable of producing stable cash flow while offering longer-term appreciation potential for investors.
The newly acquired facilities will be integrated into Direct Equity Source’s existing real estate portfolio. Its operating partner will oversee day-to-day management using systems focused on occupancy, customer service and longer-term property performance.
The acquisitions continue a period of portfolio expansion for Direct Equity Source. Over the past two years, the firm has increased its holdings through a combination of acquisitions, new developments and operating partnerships.
Self-storage remains one of the company’s primary investment sectors alongside flex-space industrial properties and other income-producing real estate. Its strategy combines property acquisitions and development with professional operating management intended to improve occupancy and asset-level performance.
Granbury provides Direct Equity Source with additional exposure to a North Texas community where residential and economic expansion can support demand for storage space. Population growth can increase storage requirements from households moving into a market, while local businesses can also generate demand for additional space.
For Direct Equity Source, acquiring multiple facilities in the same market can also create operational advantages. Greater local concentration can support more coordinated management, marketing and pricing while allowing an operator to build greater awareness within the surrounding customer base.
The company did not disclose whether the three properties will undergo renovations, expansions or other capital improvements following the acquisitions. Its stated operating plan is centered on maximizing occupancy, improving customer experience and strengthening long-term asset performance.
Direct Equity Source characterizes self-storage and flex-space as resilient property categories and is continuing to seek investments in both sectors. The firm uses disciplined underwriting, operating partnerships and active asset management as the core components of its investment approach.
Joel Duncan, director of marketing at Direct Equity Source, said the company remains active in evaluating additional acquisitions and development opportunities throughout Texas as well as selected markets elsewhere in the United States.
The Granbury transactions therefore represent both portfolio growth and increased market concentration as Direct Equity Source builds its self-storage platform. The firm is pursuing a combination of existing properties and development opportunities rather than relying exclusively on one growth strategy.
Texas-based Direct Equity Source focuses on acquiring, developing and managing self-storage, flex-space industrial and other income-producing real estate assets. Its investment model combines private equity capital with operating partners responsible for property-level execution.
With the addition of the three Granbury facilities, Direct Equity Source is increasing its self-storage holdings while maintaining an active acquisition and development pipeline. The firm plans to continue targeting markets where population and economic growth can support occupancy, recurring rental income and longer-term property performance.