Budget Store & Lock in Whitehall Refinanced, Owner VPC Partners Says

June 19, 2026

— Jeff Ward, Lehigh Valley News Briefs

VOC Partners has refinanced its Budget Store & Lock Self Storage in Whitehall Township, keeping control of the operation while providing a return for investors.

The transaction recapitalized the asset at $15.2 million, according to a press release, refinancing debt and bring in new capital.

“This recapitalization does exactly what we set out to do: return capital to the investors who backed us early, on terms that reflect the value we’ve created, without exiting an asset that continues to appreciate at a significant rate,” said Drew Lewis, managing partner of VOC Partners, in the statement.

Budget Store & Lock at 2813 Lehigh St. in Whitehall is 100% climate-controlled, according to VOC, and has 713 rentable units and 81,500 net rentable square feet.

Lehigh Valley law firm Fitzpatrick Lentz & Bubba and Akerman LLP provided legal advice on the transaction.

Here is a link to the company statement and below is a cut-and-paste version”

LEHIGH VALLEY, Pa., June 12, 2026 /PRNewswire/ — VOC Partners, LLC, a real estate private equity firm specializing in self-storage investments in Pennsylvania and beyond, today announced the completion of a recapitalization of its Lehigh Street self-storage property. The transaction recapitalized the asset at $15.2M and returned 42% of the original invested capital to existing partners, while retaining the facility under VOC.

The recapitalization refinanced existing debt and brought in new equity capital, creating a liquidity event for the original investors. VOC maintains operational control through its operating partner, Budget Store & Lock, a Top 50 U.S. self-storage operator.

“This recapitalization does exactly what we set out to do: return capital to the investors who backed us early, on terms that reflect the value we’ve created, without exiting an asset that continues to appreciate at a significant rate,” said Drew Lewis, Managing Partner of VOC Partners. “Lehigh Street is an anchor for our strategy to build and acquire facilities in a manner that creates a resilient proximity strategy in the Lehigh Valley. Our investors get liquidity and optionality, and the asset continues to deliver on VOC’s strategic objectives.”

The property, located in a strong trade area in Whitehall, is 100% climate-controlled and features 713 rentable units across its 81,500 NRSF. It has achieved 58% physical occupancy since opening its doors in Q2 2024. Legal counsel for the transaction was provided by Akerman LLP and Fitzpatrick Lentz & Bubba, PC; fund administration is handled by Fleming Fund Services.

The Lehigh Street recapitalization aligns with VOC’s broader strategy of acquiring, developing, and operating self-storage assets with institutional underwriting discipline and best-in-class operational rigor through its tech-enabled platform.

About VOC Partners

VOC Partners, LLC is a Delaware-based real-estate investment platform focused on institutional self-storage assets across the Mid-Atlantic. Anchored by its “Proximity Strategy” and exclusive partnership with Budget Store & Lock, VOC combines operational excellence, technology integration, and disciplined underwriting to drive predictable, scalable results.