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I though REITs focused for the opposite. I wonder if it’s driven by the city? Are the storage units you’re looking at in low cost or high cost areas?
by mathattack 9y ago
I though REITs focused for the opposite. I wonder if it’s driven by the city? Are the storage units you’re looking at in low cost or high cost areas?
- dddrh 9y agoIt depends on how the Trust wants to focus its funds. Similar to how a VC fund might focus on enterprise software or B2C. For a reference of Self-Storage REITs, this is a good start(1). Different markets are definitely hotter than others. Houston, Miami, Austin, Los Angeles are some of the more lucrative markets, but even small markets have strong players. Self-storage is fairly democratic in the markets served. I've visited facilities in rural town that are wildly successful for the owners, as well as small facilities outside of Manhattan Beach. (1) https://www.reit.com/what-reit/reit-sectors/self-storage-reits https://www.reit.com/what-reit/reit-sectors/self-storage-rei...