Investors Line Up For Low-Default Self-Storage Space

Law360, Dallas (September 5, 2012, 7:02 PM EDT) -- Once the domain of established real estate trusts, self-storage properties are gaining new attention from private equity firms attracted to their low default rates and fast recovery from the recession, creating stiff competition for those properties in major markets across the U.S., experts say.

Brokers say the competition has spurred more activity and bigger deals this summer as real estate investment trusts for publicly traded storage companies snap up previously foreclosed properties and hedge funds and equity groups enter a new market for them. They expect...
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