DXD Capital

The firm built an in-house data analytics platform that evaluates parcel-level supply-demand dynamics rather than relying on third-party feasibility reports. This vertical integration of software and real estate development is intended to surface micro-market opportunities before they appear on a broker's desk. DXD points to this proprietary tooling as its core competitive advantage in a sector where most operators use the same off-the-shelf demographic data.

DXD raises equity on a deal-by-deal basis through individual special-purpose vehicles. Each project is capitalized separately, giving limited partners direct exposure to a specific development or acquisition rather than a blind-pool commitment. The principals co-invest in each deal alongside outside investors.

Managing Principals Drew Dolan and Cory Bannister jointly oversee investment decisions. Dolan provides the operating and acquisitions expertise from his background in self-storage ownership, while Bannister leads on technology and data integration. Day-to-day underwriting and asset management functions sit with the broader team, but deal approval rests with the two founders.

The firm typically targets a sale of the stabilized asset to a larger institutional buyer — such as a public REIT or private infrastructure fund — once the property reaches occupancy targets. DXD does not position itself as a long-term operator; its model is develop, stabilize, and exit. No specific hold-period mandate is publicly stated, but self-storage lease-up generally takes 24 to 36 months post-construction.

DXD focuses on Sun Belt and Mountain West markets with strong population growth and limited new self-storage supply. Confirmed target states include Arizona, New Mexico, Texas, Colorado, and North Carolina. The firm's analytics engine identifies submarkets within those regions where demographic trends suggest sustained demand.