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Why a Fed Insider Ditched Multifamily for Self-Storage with Sergio Altomare
In 2017, Sergio Altomare could not make a single multifamily deal work. So he looked back at the Great Recession and found the one real estate asset class that still made money.
Sergio spent years at the Federal Reserve in bank supervision, watching boom and bust cycles up close. When the market felt overheated, he and his wife pitched a new plan to their investors, slowly sold their multifamily, and moved into self-storage.
They learned the business living in an RV parked outside their first property. Today they have 26 properties in 10 states, managed by CubeSmart and Extra Space, with a…
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