Self-Storage: A Unique and Generous Industry
I’ve never experienced anything quite like the self-storage industry. I joined this field in August 2021, diving right in as an in-house sales rep promoting entitled raw land deals. At the time, I knew almost nothing about commercial real estate. My background was in house flipping—an endeavor that led to both successes and financial lessons. […]
Value Add Investing in Self Storage vs. Ground-Up Development: Key Differences Explained
There are two main strategies for self-storage investing: Value Add and Ground-Up Development. Each has distinct characteristics, offering unique advantages, challenges, and considerations. Here’s a look at the three major differences between Value Add Investing and Ground-Up Development in self-storage. — 1. Project Timeline and Speed of Returns Value Add Investing: The primary advantages of […]
What’s Happening in Self-Storage Investing Today
Safe Storage USA hasn’t acquired a self-storage property in over two years. In that time, we’ve sold a few. So why sell assets without replacing them in our portfolio? This is the question that lies at the heart of almost every meeting our team has. Russell Nersesov, David Khantses, and I discuss market dynamics daily. […]
Thoughts From The SSA Fall Conference: Part 2
Here is the good news. I’m hearing from seasoned developers some of the REIT’s are being more forthcoming with rate info, if only on stores they own internally. That’s allowing for some people with longer term relationships with 3rd Party Management to get the information they need to make good decisions. I can’t say this […]
Lending in the Current Environment
We are currently in a unique real estate environment. Due to the lockdowns associated with the COVID pandemic and the resulting monetary policy initiated by major governments across the world, inflation has become the focal point on everyone’s mind. Loose spending habits and fiscal stimulus have caused an imbalance between the supply of goods and […]