Latest / PassivePockets: The Passive Real Estate Investing Show
Self-Storage in a Bear Market: Big-Box Conversions, Distress, and Buying Below Replacement Cost | Neil Henderson
Self-storage has long been considered recession resilient, but what happens when high interest rates freeze the housing market and fewer people move? Neil Henderson of Nomad Capital joins Chris Lopez to explain why the industry is facing one of its most difficult markets in decades and what could finally restart demand.
Neil also breaks down Nomad’s strategy of converting vacant big-box stores into climate-controlled storage at roughly half the cost of ground-up construction. They discuss current deal economics, slower lease-ups, competition from major REITs, and why shopping centers with…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.