Latest / The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Self-Storage Facilities
Private equity has spent roughly $8 billion acquiring self-storage facilities over the past 24 months. Lucas and Luna unpack the thesis: stable cash flows, minimal labor costs, and a fragmented market where the top 10 operators control only 20% of supply. They zero in on Extra Space Storage's acquisition of Life Storage in 2023, which created a $47 billion REIT, and examine how PE firms like Blackstone and Ares Management are rolling up mom-and-pop sites in secondary markets. The hosts discuss cap rate compression from 8% to 6.5% over three years, the risk of oversupply in Sun Belt…
The skinny
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