Self Storage

“So the output of that is in these secularly winning real estate asset classes, Sunbelt departments, industrial, and self-storage, that supply starts are down, depending on market subsectors, 60, 70%.”

“Digital businesses beats any laundromat, self-storage, or vending machine business. It's basically easier and better margins to build internet-based businesses.”

“I'd say we were a little slow on some of these nichier sectors where these non-traditional real estate sectors like student housing and self-storage Part of that was the people in the business by definition almost didn't have a lot of experience, and there was…”

“So what we have now is 61 self storage facilities. None of them have an office. None of them have a full-time staffed manager on site. And we have 50 employees spread really all over the world. 20 of them in the Philippines, 10 of them in Colombia. And, you kn…”

“So the really smart people are not flocking to pest control. They're not flocking to self storage. They're not flocking to building decks or power washing or any of these little things around the house that more and more people are spending really good money t…”

“And when you have a bigger portfolio, you have less risk. You have economies of scale and you have appetite from new buyers, new people, new money with cheaper cost of capital, bigger players come in and buy tranches of bigger assets. So the values go up when …”

“In a lot of ways, it feels like car washes or self storage or laundromats really have been like front and center in kind of focus for private equity.”