‘The Shine Has Really Come Off’: Self-Storage’s Fall From CRE Golden Child To Mere Moneymaker

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...

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RSK: Speaking of the devil.....



- - Volume: 7 - WEEK: 32 Date: 8/6/2019 5:20:51 AM -