Storage Execs Launch Davies Ingersoll Capital

[IMGCAP(1)]NEWPORT BEACH, CA-Two veterans of the self-storage industry, Jim Davies and Peter Ingersoll, have launched a new firm called Davies Ingersoll Capital Partners that will arrange debt, equity and note-purchase financing nationwide for commercial real estate and self-storage operators. The company arranges equity, including joint venture and preferred equity investments, and structured financing. Davies Ingersoll also represents an aggregation of self-storage and commercial real estate owners and investors.

Davies is a 28-year commercial real estate industry veteran, a leading finance expert in the self-storage industry and a former senior vice president and shareholder of Orange County-based Buchanan Street Partners, where he was a co-founder and principal of Buchanan Storage Capital, a leading self-storage finance firm. He has closed more than $3.5 billion in self-storage financing and disposition transactions during the past 15 years with Buchanan Storage Capital, [IMGCAP(2)]Finova Realty Capital and Belgravia Capital.

Ingersoll, a 22-year commercial real estate veteran, specializes in the acquisition and sale of self-storage properties. Currently, he serves as the firm’s CEO and is also a managing director of Sperry Van Ness/Davies Ingersoll, where he has been one of the company’s top producing advisers for several years. Additionally, Ingersoll serves with Davies on the board of directors of the California self-storage Association.

Ingersoll says that, as a Sperry Van Ness franchise owner, “We are able to create local teams of experts throughout the US by partnering with the company’s 1,000 advisers in approximately 160 offices.” SVN provides a platform for sourcing property acquisitions and note purchases, and maintaining access to local market knowledge, he adds.

Davies, who serves as president of the new firm, says that it will focus on providing “solutions to our clients’ needs while being on the look-out for compelling investment opportunities.” The firm’s strategy will be to focus on matching “clients’ equity with the prudent acquisition of commercial real estate and self storage,” he says.