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Fund universe

Fund · Sponsor

Asset class

Strategy

Vintage

Composite

See what flows to your pocket.

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Important — educational only

Waterfalls is an educational research tool. Nothing on this site is investment, financial, legal, tax, or accounting advice. Nothing on this site is an offer to sell, a solicitation of an offer to buy, a recommendation, or an endorsement of any security, fund, sponsor, or investment strategy. Waterfalls is not a Registered Investment Adviser, broker-dealer, law firm, CPA firm, or fiduciary. Data is extracted from third-party documents and may be incomplete, inaccurate, or out of date. Private-fund investments are high-risk and illiquid, and you can lose some or all of your capital. Past performance is not indicative of future results. Always consult your own qualified professionals before making any investment decision. See full Important Disclosures for details.

© 2026 PLS, LLC d/b/a Waterfalls·Disclosures·Terms of Use·Privacy Policy·llms.txt·hello@wtrfalls.com

AAA Storage Growth Fund II, LLC · Waterfalls

Funds Sponsors Providers Leaderboard Community Pricing

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Funds · Self-Storage · AAA Storage Growth Fund II, LLC

AAA Storage Growth Fund II, LLC

Sponsored by AAA Storage Management Company, LLC

Self-Storage· Equity· LLC · 2 classes· ● High· PPM v1

⚑ Per-investment waterfall

💬⇪ CompareRun the numbers →

Composite

66.1

Waterfalls score

Pref Return

7%

simple

LP Take (Base)

77.4%

at 1.75× exit

GP Commit

8.0%

skin in the game

Min Investment

—

ticket size

Offering Size

—

target raise

Cascade · Distributions

Where each dollar goes

$875K

LP $678K · Fees $121K · GP $76K

Standard scenario · $500K equity · 5y hold · 1.75× exitRun your own cascade →

Fee scheduletaken before LP distributions

Total load 19.25%

Fee

Trigger

Basis

Rate

Management Fee

Recurring Quarterly

Aggregate Member Commitments (then invested capital)

2.00%

Development Fee

Acquisition/Development

Total Project Capital Costs

See what flows to your pocket.

About Pricing RSS Explore People Community Upload PPM

Important — educational only

Waterfalls is an educational research tool. Nothing on this site is investment, financial, legal, tax, or accounting advice. Nothing on this site is an offer to sell, a solicitation of an offer to buy, a recommendation, or an endorsement of any security, fund, sponsor, or investment strategy. Waterfalls is not a Registered Investment Adviser, broker-dealer, law firm, CPA firm, or fiduciary. Data is extracted from third-party documents and may be incomplete, inaccurate, or out of date. Private-fund investments are high-risk and illiquid, and you can lose some or all of your capital. Past performance is not indicative of future results. Always consult your own qualified professionals before making any investment decision. See full Important Disclosures for details.

© 2026 PLS, LLC d/b/a Waterfalls·Disclosures·Terms of Use·Privacy Policy·llms.txt·hello@wtrfalls.com

6.00%

Construction Supervision Fee

During Construction

Total Project Capital Costs

4.00%

Property Management Fee

Recurring Monthly

Gross Property Revenues

6.00%

Financing Fee

Financing Event

Financing Amount

0.50%

Loan Guaranty Fee

Recurring Annual

Guaranteed Loan Amount (annual)

0.75%

Service providers1 gap

Provider network →

⚖

Legal Counsel

OK

Troutman Pepper Locke LLP

PPM p.~40: "Legal Counsel: Troutman Pepper Locke LLP"

◎

Auditor

Gap

Not disclosed

Audit intent not stated in PPM. Ask the sponsor: will the fund be audited, by whom, and on what frequency?

⎙

Fund Administrator

OK

IQ-EQ Fund Administration

PPM p.~40: "Fund Administrator and Accountant: IQ-EQ Fund Administration"

✦

Placement Agent

OK

No placement agent engaged

No placement agent engaged. Direct placement by Manager — no placement fees eat your invested capital.

Community threads0 active

What allocators are saying. Diligence notes, open questions, attached scenarios.

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Reviews

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Waterfalls Composite Score

66.1.

LP-favorability score · 5 weighted dimensions

Score breakdown5 dimensions

Absolute LP Take74

GP Timing Risk75

Pref Quality53

Fee Drag54

Alignment60

LP take × exit multiple

at 5y hold · 77% at 1.75×

LP take Fee drag· sim at $500k equity

Jump to an exit

1.0× downside 1.5× base 2.0× upside 3.0× home run

Exit	LP IRR	LP MoC	LP Take	Fees

1.00×	-5.4%	0.76×	75.8%	24.3%
1.50×	4.7%	1.26×	83.8%	16.2%
1.75×	6.3%	1.36×	77.4%	13.9%
2.00×	8.9%	1.53×	76.5%	12.1%
2.50×	13.5%	1.88×	75.2%	9.7%
3.00×	17.4%	2.23×	74.3%	8.1%