Self Storage Shakeout Ahead?
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.