This episode is packed with insights from SmartStop's latest earnings, a deep dive into what's happening on the ground, and a conversation with industry leaders like Alex Burnham and Michael Schwartz. We talk about why the market is a "shrinking" one, why experience is key, and how some developers are finding new opportunities in challenging environments . Join us as we discuss the nuances of demand and supply, the importance of a long-term strategy, and what a recent lender survey reveals about the top concerns in the self-storage space.

In this episode, you'll hear about:

• SmartStop's positive NOI growth, a rarity among recent REIT earnings.
• Alex Burnham's take on the market, which has outpaced the REITs for 10 straight quarters.
• Why the industry might be a "shrinking market," and what that means for marketing and demand.
• Lender concerns about oversupply and absorption risk.
• A case study on a portfolio deal that yielded a massive 42% IRR.
• The unexpected trend of LA cities becoming more receptive to self-storage projects.
• How having experience and an "end in mind" is crucial for navigating market challenges.

Tune in for a candid and informative chat that helps you understand the current pulse and future direction of self-storage!

Connect with Us:

Thaddeus Campbell:

• LinkedIn: https://www.linkedin.com/in/itsthadcampbell/

• Website: https://s3.partners/

Connect with Chris Berg:

• LinkedIn: https://www.linkedin.com/in/chrisbergreal/

• Website: https://abernatheydev.com/

Connect with Our Data Partner, TractIQ:

• Email: [email protected]

• Website: https://tractiq.com/