The Self-Storage Investment Boom Though self storage has been one of the fastest growing real estate sectors for four decades straight, the vast majority of facilities in the country — roughly 76% — are mom-and-pop-owned and operated. Only in the last 15 years — starting around the time of the Great Recession — have institutional investors begun seeing the opportunity to gobble up these smaller, less sophisticated facilities. Self storage maintained solid occupancy throughout the last four recessions, and the asset class fared incredibly well through the COVID-19 pandemic. In fact, self storage was the least challenged asset class in 2021 based on Real Estate Investment Trust (REIT) returns. With new money pouring in, the self- storage industry has started to modernize, maturate and transition into a more attractive and accessible CRE asset class. So Spartan Investment Group (SIG) decided to strike while the iron was hot. In April 2022, we launched the Spartan Storage Fund 1. Last year, we purchased $265 million in value-add self-storage facilities. Now, our goal is to acquire $400 million in new self- storage assets by the end of 2022.
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