Investing in Storage Facilities

[Jordan Santiago]

Hi BP, 

Along with large multifamily complexes, I have been very interested in self storage facilities. Is anyone investing in them? What are some things to look for in a good potential deal? How are you finding them and/or marketing to them? Are you syndicating them or buying them personally? 

Just looking for any basic information on them. I would appreciate any advice, information or tips. Thank you!

[Scott Krone]

@Jordan Santiago   - Self Storage is our main focus.  

Storage is a very demographically driven industry.  We study the demographics of a city for a specific site and location.  It is that specific.  What makes them a good deal?  If there is unmet demand which you can provide the product.  The other reason they are historically a good deal is how they perform in a recession or recessionary markets. 

Ultimately, with the three different asset classes in self storage, understanding your investment goals and objectives will determine which one best fits your criteria.  We just did a webinar on this which we posted in Bigger Pockets.  If this interests you, I can send you a recording of it.  It covers the various asset classes within self storage, and how each performs.  

What we do?  We are converting large commercial buildings into Class A self storage through out the Midwest.