Storage is a local business. Oftentimes, you hear people talk about the 3-mile radius of a storage facility. What they are talking about is the local demand area for that storage business. Now the radius for the property could be 4-miles, 5-miles, or even 10-miles depending on where the property is located. Heck, in Manhattan […]
While multifamily apartments are what typically comes to mind for investors in commercial real estate, other asset classes such as self-storage have also proven to be recession-resilient. This is why we invest in self-storage and will continue to do so as a means to diversifying our real estate portfolio. Background Self-storage is a unique asset […]