December 16, 2019

Count on self storage to be a favored asset class next year, as capital will be robust.  Lenders view this as a strong property type targeted after multifamily and industrial.  They are attracted to its high value and recession-proof nature.  Even with added competition from new supply, same-store sales continue to grow.  Baby boomers are More

Regional and local banks will be extremely competitive next year, while the major banks will concentrate on larger loans and existing clients.  Banks will continue to seek the strongest loans with thorough underwriting of borrower financials, business plans, markets, track record of the sponsor, general contractor, etc.  Overall, bank lending will be slightly more conservative More