WHAT WE'RE READING: REITs Gearing Up for Self-Storage Acquisitions

Yesterday Globe Street reported that there is strong demand for self-storage, and that after a “relatively quiet period”, public REITs will be gearing up for another round of acquisitions given same store revenue growth from 1.5% to 4.1% in Q2. “Most REITs report that 2018 and 2019 may be the peak years for deliveries during this development cycle.” Good news for TDREF I—we have six ExtraSpace self-storage projects slated to be delivered in Q3 and Q4 of 2018.

Extra Space Storage - Ladera and Unser