Blue Door
Sponsor Overview
Blue Door Capital is the 1031 exchange/DST arm affiliated with SmartStop Self Storage REIT (parent: Strategic Storage). Specialized in self-storage DST offerings as replacement property for 1031 exchangers. The two known full-cycle DST programs (USA Self Storage I — 10 GA/NC/TX properties, and Southwest Colonial — 5 TX properties) were each 'rolled up' into the parent SmartStop REIT rather than sold on the open market (Feb 2011 and Q4 2013 respectively). Investors received SmartStop REIT shares in lieu of cash distributions. No deal-level return metrics are publicly disclosed for either DST. SmartStop itself merged with Extra Space Storage in an all-stock transaction completed in early 2024.
Sponsor Notes
- Self-storage DST offerings exclusively — single asset class focus
- REIT roll-up exit strategy rather than third-party market sale
- Affiliated with SmartStop Self Storage REIT (merged with Extra Space 2024)
- Limited full-cycle disclosure — returns not publicly reported
Sponsor Overview
Firm Name
Blue Door
Headquarters
Ladera Ranch, CA
Year Founded
2008
Assets Under Management (AUM)
$3B+
Preferred Sponsor
No
Performance
Full-Cycle DSTs
2
Average Annual Return
N/A
Average Equity Multiple
N/A
Average Hold Period
N/A
Success Rate
100.00%
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Past performance is not indicative of future results. Performance data reflects outcomes of prior offerings and should not be expected to recur in current or future investments, which may result in partial or total loss of principal.
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