This entry treats self-storage at capital scale: deploying significant capital into storage facility development, acquisition, and portfolio aggregation, often through funds or large operating platforms, to earn returns from the storage income and the increased value of the portfolio.
Log in to followThis is the question I would have been too embarrassed to ask in 2022, and now I've paid for the answer. $75k into a seven-facility value-add storage deal, single-asset syndicatio…
Two things I've read a lot of and can't square. First, storage is defensive. Demand comes from life events, people die, divorce, downsize, get a new job. Those things happen in go…
I've been doing due diligence on a couple of storage sponsors and I can't get a straight answer on the entry point. One deck says $250k minimum, one says $1m, and a third told me…
Working through a $75m storage fund, first close done, second close is the one I'd be in. Blind pool apart from two seed assets. The model shows a weighted average going-in cap of…
I got decks from two storage sponsors within a week of each other and they're aiming at the same defensive story from opposite ends. The first one develops. They buy dirt in marke…
I wanted the version of this that just works, so I picked what looked like the most defensive thing on offer. A storage fund, eight facilities, all stabilized, no development, no…
Storage is new to me even after years of underwriting other assets, and I keep hitting the phrase portfolio aggregation in every deck I read. Sometimes it seems to mean a fund buy…
This came to me through a manager I've done small jobs for. A platform is aggregating storage in two states, 19 facilities under contract or owned, targeting around 30 by the end…
Sold the commercial half of my service business in the spring and I've got $150k sitting in a money market while I figure out what it's for. Storage keeps coming up in conversatio…