Morningstar Properties Closes Oversubscribed Blue Doors Storage Fund VI

CHARLOTTE, N.C., September 1, 2026 — Morningstar Properties announced today the final closing of Blue Doors Storage Fund VI with $218 million in investor commitments, exceeding its $200 million target. Fund VI is the latest vehicle in Morningstar's Blue Doors series, established in 2013.

Blue Doors Storage Fund VI is a value-add fund focused on acquiring, developing, and enhancing high-quality self-storage assets in attractive U.S. growth markets. Morningstar's vertically integrated platform brings investment, development, asset management, and operations together under one roof, allowing the firm to identify opportunities and drive execution from acquisition through the full life of an investment.

"We are incredibly grateful for the trust and support of both our longstanding partners and new investors," said Dave Benson, Chief Executive Officer of Morningstar Properties. "Closing Fund VI above our target reflects the confidence they have placed in our people, our platform, and our track record. We remain focused on being thoughtful stewards of that capital and delivering long-term value."

"Our vertical integration is a real competitive advantage," said Matt Shapiro, President and Chief Investment Officer of Morningstar Properties. "We combine investment discipline with the development, asset management, and operating capabilities to create value at the property level. Fund VI gives us the capital to continue pursuing opportunities where we like the fundamentals, the basis, and our ability to execute."

"The successful closing of Fund VI reflects the confidence our investors have placed in Morningstar’s team, strategy, and track record," said Brent Morris, Head of Client Capital Management. "We are grateful for the continued support of our existing investors and pleased to welcome new partners to the Blue Doors platform."