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Self Storage Shakeout Ahead?

Self Storage Shakeout Ahead?
Private investors who once avoided dedicating precious time to midsize deals are now embracing an asset category where the prices are modest and public REITs have long dominated. Self storage offers low upkeep costs and opportunities for rent increases that are generally more frequent than in most other asset categories.
Some people have come to the realization that it is what it is, and they still got into the industry,” said Rick Schontz, the founder of 18-month-old City Line Capital. A former self storage broker, Schontz partnered with a New York investment bank to start his Philadelphia-based firm. His typical clients are individuals who each invest some $10 million; that capital is allocated to multiple properties.
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Michelle Helling

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