Last month the largest on-demand storage company, Clutter, sold itself in a distressed sale to Iron Mountain for $40MM. Clutter, and its predecessors, raised $439MM over the last decade trying to disrupt the traditional storage model by offering...
I spent this week at the annual Self Storage Association (SSA) conference meeting with developers, vendors and other industry professionals. Here are some of the highlights:
The recent fires that occurred on Maui were horrific, and a disclaimer to this analysis is that we don’t wish for them to occur, we wish they didn’t, and don’t aim to capitalize off of the hardship of anyone, but I was prompted to think through this...
Sophisticated investors appreciate that not every real estate deal is the same, and not even every self storage deal is the same. It is crucial for investors to delve into the details, assess risks, and comprehend the long-term plan behind each project....
The Wall Street Journal interviewed me for an article that they published yesterday (Tuesday, July 25th). Here’s what I think are the most important takeaways from the information we provided: