There has been a lot of good discussion lately about investing in the self-storage business. In fact, The Wall Street Journal recently ran a story extolling the values of the biggest provider of self-storage units, Public Storage – telling readers that “This still is a good place to store some cash.”
Indeed…..This week the Houston Chronicle featured an excerpted interview with Ari Rastegar, who’s Dallas-based company Rastegar Capital owns 10 self-storage properties in the Houston area. It’s a very interesting piece and worth a quick read.
Q: Why do you like self-storage?
A: When you have the big house and the economy is booming and you buy the new couch, where do you put the old couch? In self-storage. That’s what Americans do. We love our stuff. What happens when the economy goes down and we have another 2008, when people start losing their houses and temporarily need to downsize into an apartment? Where do you put all your stuff that was filling up your big house? Our answer to that is self-storage. Self-storage is recession-resilient.
Click here to read the full interview on the Houston Chronicle’s website.
Click here to read Wall Street’s Hidden Gem Is in Public Storage, 2/15/16, The Wall Street Journal (subscription may be required)
