Wichita Self Storage: Behind the Build

Wichita's self-storage market is undersupplied, and ground breaks on our newest development this winter.

Wichita Self Storage is a 691-unit, 100% climate-controlled facility on a 2.42-acre site, operated by Extra Space Storage, the largest self-storage operator in the country. It's Hearthfire's 14th asset in the Midwest and our 5th ground-up development.

For this session, we're going past the investment overview and into the build itself. Sergio Altomare and Jordan Canino will be joined by Joe Price and Jordan Cater of MLCO Construction, the general contractor on this project, for a live walkthrough of the site plan, the construction timeline, and how the build is managed to protect budget and schedule.

What you'll learn:

• The site plan and construction phasing, from groundbreak in Q4 2026 through completion in Q1 2028
• How MLCO's design-build process works, built on decades of self-storage construction experience across the 26 states where the firm is licensed
• What protects investor capital during construction, including Extra Space's independent underwriting of the lease-up plan
• The market fundamentals behind the deal: Wichita's aerospace and defense cluster (Boeing, Textron Aviation, Bombardier, and Spirit AeroSystems) supports 65,000+ jobs and $24B in annual regional output, against just 7.43 square feet of self-storage per capita in the trade area
• Live Q&A with both the capital team and the construction team

Speakers:

Sergio Altomare, CEO & Co-Founder, Hearthfire Holdings — Founded Hearthfire in 2012. Has led the firm to $200M+ in assets under management across 26 properties in 10 states, with 9 full-cycle exits averaging 25%+ IRR.

Jordan Canino, Senior Director, Investor Relations, Hearthfire Holdings — Brings over ten years of experience in self-storage acquisitions and capital markets, and leads investor relations for Hearthfire's current raises.

Joe Price, CEO, MLCO Construction — Leads MLCO Construction, a self-storage design-build and general contracting firm licensed across 26 states, serving as general contractor on Wichita Self Storage.

Jordan Cater, Business Development Manager, MLCO Construction — Works with capital partners like Hearthfire to take self-storage projects from site selection through construction.