195. This is Massive - ExtraSpace's $12 Billion Self Storage Merger

There has been a major development in the self storage industry. One of the biggest REITs in the space, ExtraSpace, has merged with Life Storage for a record $12.7 billion, making it the largest merger in the Self Storage industry by FAR. Where will this take us and what does it mean for the self storage world? For years, we've talked about market consolidation in this space. The sheer market size of this merger can tell us a lot. Public Storage even joined in on the fun.  This is not just some "big news" you seen on the Wall Street Journal. This WILL affect your state, your city, and your market. It's been building up for years - and it's finally come to fruition.  Let's break it down in this episode of Self Storage Income!  Need help funding a deal? We can help you figure out what type of loan or financing structure you need, and where you can get them. Just send us a message here: https://www.cedarcreekwealth.com/debt Our partners: Want to take advantage of todays market conditions with us? Invest in our opportunistic Fund 2 Here: https://cedar.cc/invest Join my Inner Circle! An exclusive mastermind for real estate investors seeking the most advanced strategies and resources in the world for generating wealth and passive income through self storage investing. https://www.selfstorageincome.com/inner-circle  Tenant Inc. - https://www.tenantinc.com/ Grab my audiobook Growing Wealth in Self Storage for FREE: https://www.selfstorageincome.com/free-audiobook