Self-storage businesses were arguably the buzziest product type in real estate several years ago. Years of ramped-up development have since chopped returns in half, but even that isn’t deterring a generally optimistic outlook for the sector. The self-storage sector has outperformed other asset classes this cycle and garnered interest from REITs
that have shifted self-storage into more of an institutional operation.
Demographic trends — 8% of the U.S. uses self-storage today, compared
to 3% in the 1990s — limited capital required for upkeep and low supply
in relation to demand has drawn institutional investors to the
historically mom-and-pop-controlled sector... RSK: Speaking of the devil..... | ||
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