How is StorageMart outperforming the publicly traded REIT's?

Join me on Stories Behind the Door for a captivating conversation with Alex Burnam, Vice President of Acquisitions at StorageMart. As a member of the third generation of the Burnam family in the business, Alex offers a unique perspective on the industry's evolution and its current challenges Alex provides a candid analysis of the acquisition market's rapid decline from its 2021 peak, explaining how rising interest rates and a disconnect between buyers and sellers have created a "perfect storm" for falling valuations . He also offers hope for the future, sharing data points that connect new home construction and smaller home designs to a positive long-term demand for self-storage. We discuss StorageMart's strategic decision to launch a third-party management program, which Alex says serves as a pipeline for off-market acquisitions and a way to help other operators. Finally, Alex reveals the secrets behind StorageMart's incredible record of beating the REIT average for same-store NOI growth for ten consecutive quarters, highlighting their nimble, innovation-obsessed culture as a key factor. Connect with Thaddeus Campbell: LinkedIn: https://www.linkedin.com/in/itsthadcampbell/ Website: https://s3.partners/ Connect with Alex Burnam: Email: [email protected] Website: storage-mart.com This episode was brought to you by: https://www.kiwiconstruction.com/