@Brian Burke  AS we all know RE has its ups and downs and what I look at with what I call the POST 08 sponsors or investors is they were operating in what has to be about the easiest and best time in the last ( well forever).. so when you look at track records of those that started in 2009 or 2010 .. that's great but its been all blue sky and wine and roses.. 

Typically, the one sector that actually does better than Self Storage is booze (beer, wine, & spirits).As Self Storage is fundamentally in the "Trauma & Transition" business. 

They cook (amazingly) and provide the wine.

I own a vineyard and need to be close to my wine. 

Luckily I have solid reserves or I'd be a wine day drinker.....

One of my business partners had the citation shares and he bought 25 hours a year for 125k.. and used it mainly to entertain he was/is in the wine business.. ( owns wineries)  and or to fly his kids and dogs from Napa to La Quinta..  

About everything--wine, OOS, and learning.

I did spill red wine on my office desk..

Lubbock is also highly diversified being the hub for the area from Amarillo to Midland, Hobbs to Sweetwater for agriculture production and research (cotton, peanuts, sorghum, wheat, watermelons, and wine grape vineyards -70-80% of TX wine grape production comes from this area-), medical care and research (two top-tier facilities in Covenant and the university hospital), manufacturing, transport (major airport), and of course Texas Tech is a huge economic driver employing many thousands and bringing tons of students in with their parents money (30k+ enrollment I believe, it's enormous).

\it has not been all wine and roses I assure you.. but when you hit a good one its pretty cool.. but Atlanta Man that was a missed opportunity.. but investors had such a  If it does not cash flow its not worth anything mentality then..