The problem
Self-storage has the thing most real estate does not: demand that holds up when the economy turns. The trick is basis and location.
What I did
I'm an investor in a self-storage vehicle in Burbank. This one is a straight LP position rather than something I operate. Not everything needs to be a project I run; sometimes the right answer is a sponsor who is very good at one thing.
The details
| My role | Limited partner |
|---|---|
| Market | Burbank |
| Asset class | Self-storage |
More projects
Own & Operate · Santa FePaseo RetreatNobody wanted it. The scope that scared everyone off is what made it cheap.Own & Operate · DenverDenver MultifamilyNot a passive check. Deep in the operations and the strategy.Capital · Preferred EquitySt. Louis MultifamilyI raised a fund, it was repaid on schedule, and I put the money back to work in stabilized multifamily.