Self Storage Strategy
The Case For Self Storage
Storage is a differentiated real estate asset class, AND a customer focused operating business.
Self storage has faired well through the Covid-19 pandemic and maintained relative market share over the past 10 years. Increased mobility, automation, and demographics are market tailwinds.
The advantages of technology in the storage business are proven and cost effective. Managerial processes are scalable and ripe for automation.
Storage demand and length of stay is on the rise. Majority of demand is driven by persistent life events.
Self storage has faired well through the Covid-19 pandemic and maintained relative market share over the past 10 years. Increased mobility, automation, and demographics are market tailwinds.
The advantages of technology in the storage business are proven and cost effective. Managerial processes are scalable and ripe for automation.
Storage demand and length of stay is on the rise. Majority of demand is driven by persistent life events.
Primary market consolidation model proven by REITS can be executed in Secondary and Tertiary markets.
Facilities historically treated as pure real estate can benefit tremendously from low/no capital managerial and operational changes. Further value creation opportunities through capital deployed for development and improvements.
Microeconomic fundamentals to local markets can be readily quantified. Sources and magnitude of value add are readily identified. Further value creation opportunities through capital deployed for development and improvements.
Primary market consolidation model proven by REITS can be executed in Secondary and Tertiary markets.
Facilities historically treated as pure real estate can benefit tremendously from low/no capital managerial and operational changes. Further value creation opportunities through capital deployed for development and improvements.
Microeconomic fundamentals to local markets can be readily quantified. Sources and magnitude of value add are readily identified. Further value creation opportunities through capital deployed for development and improvements.
How We Add Value
We specialize in high touch, operationally intensive real estate assets. Our operational capabilities, data driven approach, and unmatched grit enable exceptional value creation. Our diverse professional background and focus on curiosity allows us to create value unseen by others
Storage operators frequently do not raise rents on existing customers to keep up with ever increasing market rates. We improve the customer experience, market, and normalize rents to more closely reflect market rates
We can increase occupancy for poorly managed properties by enhancing the digital and physical presence of the facility. Old school operators frequently do not run digital ads, do not manage their google presence, even though 70%+ storage rentals are found online!
Storage operators frequently do not raise rents on existing customers to keep up with ever increasing market rates. We improve the customer experience, market, and normalize rents to more closely reflect market rates
We can increase occupancy for poorly managed properties by enhancing the digital and physical presence of the facility. Old school operators frequently do not run digital ads, do not manage their google presence, even though 70%+ storage rentals are found online!
Some existing facilities have room to expand. When the local market demand warrants added supply and construction costs are favorable, expansion projects can generate highly accretive returns.
Our operating platform allows for 24 hour controlled access, online and mobile rentals, and our customer service team is available 100% more hours in a week than our typical competitors
Some existing facilities have room to expand. When the local market demand warrants added supply and construction costs are favorable, expansion projects can generate highly accretive returns.
Our operating platform allows for 24 hour controlled access, online and mobile rentals, and our customer service team is available 100% more hours in a week than our typical competitors
Investment Criteria
Value Add
We specialize in value add real estate. We are currently focused on self storage and developing further value add strategies.
$1M-$5M
We typically look for single asset acquisitions between $1million and $5million. We can pursue larger transactions for multi-property opportunities.
Existing Assets
We pursue existing assets that we can improve and force appreciation through more sophisticated management or capital improvements.
Location
We are focused on America’s heartland. We actively invest in Oklahoma, Kansas, Arkansas, Texas, and Missouri. We will also invest in adjoining states but avoid coastal markets.
