Phoenix American Onboards New Client – Real Estate Fund Sponsor Leitbox Storage Partners for Fund Administration
November 3, 2022 | Phoenix American
Phoenix American Financial Services (Phoenix American) is pleased to announce the onboarding of real estate fund sponsor Leitbox Storage Partners (Leitbox) for fund administration. Phoenix American will support Leitbox Portfolio Partners with its industry-leading investor service platform featuring the innovative STAR-XMS shareholder management / transfer agent system. Leitbox will benefit from Phoenix American’s advanced technology, decades of experience in fund administration for alternative investments and the company’s focus on personalized customer service.
Doing Storage Differently
Leitbox is a vertically integrated, full-service self-storage development and acquisition firm specializing in fifth-generation self-storage. The company focuses on three primary factors in self-storage facilities: design, location and use. The design is a three-story building with architecture resembling an urban mixed-use project. With government regulations ever-changing, Leitbox capitalizes on a niche of mixed-use properties with a portion of each property, usually 4,000 square feet, devoted to retail space. This not only helps in acquiring key properties in better markets but may decrease overall risk for investors. Leitbox seeks to revolutionize self-storage by modeling their business approach after retail. The company’s new fund offering seeks to provide investors access to superior risk-adjusted returns in the self-storage real estate sector.
“Leitbox is excited to partner with Phoenix American. Their expertise and reputation in the industry is unmatched. We believe the culture that Phoenix American has put together closely mirrors our own and we look forward to this relationship” says Bill Leitner, founder and Managing Principal of Leitbox Storage Partners.
50 Years of Institutional-Quality Fund Administration with a Boutique Approach
Phoenix American has developed the most advanced systems and efficient fund administration processes in alternative investments since the company’s origins as a fund sponsor in 1972. The company’s industry-leading STAR-XMS investor management / transfer agent system, its integrated fund accounting capabilities and customized investor services are the result of long experience both as a fund sponsor and as a third-party administrator for alternative investment funds. Given today’s increased regulation and investor expectations, deep operational experience and advanced technology are critical to success for fund sponsors. Phoenix American offers a full range of back office services including fund accounting, transfer agent services, investor/advisor web portal, tax services, in-house printing and fulfillment as well as full back-office outsourcing.
“We look forward to working with Leitbox,” said Andrew Constantin, Chief Operating Officer for Phoenix American. “They offer creative entrepreneurial solutions for investors in a dynamic real estate sector. Our fund operations solutions will be a great fit in helping to drive their success.”
About Phoenix American
Phoenix American Financial Services, Inc. provides back office outsourcing, fund administration services and sales and marketing reporting services to fund companies in the alternative investment industry. The Phoenix American aircraft group, including its Irish subsidiary, PAFS Ireland Ltd, provides managing agent services for asset backed securitizations (ABS) in the commercial aircraft and aircraft engine leasing industry. The company is an affiliate of Phoenix American Incorporated along with Phoenix American SalesFocus Solutions. Phoenix American has five offices worldwide, was founded in 1972 and is headquartered in San Rafael, CA.
