This episode is packed with insights from SmartStop's latest earnings, a deep dive into what's happening on the ground, and a conversation with industry leaders like Alex Burnham and Michael Schwartz. We talk about why the market is a "shrinking" one, why experience is key, and how some developers are finding new opportunities in challenging environments . Join us as we discuss the nuances of demand and supply, the importance of a long-term strategy, and what a recent lender survey reveals about the top concerns in the self-storage space. In this episode, you'll hear about: SmartStop's positive NOI growth, a rarity among recent REIT earnings. Alex Burnham's take on the market, which has outpaced the REITs for 10 straight quarters. Why the industry might be a "shrinking market," and what that means for marketing and demand. Lender concerns about oversupply and absorption risk. A case study on a portfolio deal that yielded a massive 42% IRR. The unexpected trend of LA cities becoming more receptive to self-storage projects. How having experience and an "end in mind" is crucial for navigating market challenges. Tune in for a candid and informative chat that helps you understand the current pulse and future direction of self-storage! Connect with Us: Thaddeus Campbell: LinkedIn: https://www.linkedin.com/in/itsthadcampbell/ Website: https://s3.partners/ Connect with Chris Berg: LinkedIn: https://www.linkedin.com/in/chrisbergreal/ Website: https://abernatheydev.com/ Connect with Our Data Partner, TractIQ: Email: [email protected] Website: https://tractiq.com/

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