Self-storage industry professionals Michael Schwartz and Christian Sonne recently published an article focusing on the history and strength of this asset class in The Real Estate Finance Journal. Titled "Redefining Core Real Estate: Investing in the New Reality, the article suggests that investors of commercial real estate would be wise to add self-storage to their portfolios to achieve optimum balance and success. A full copy of the article can read at www.selfstorageeconomics.com/reprints.htm.
An appraiser and real estate economist by training, Sonne is a senior managing director at Irvine, Calif.-based Cushman & Wakefield and the specialty group manager of the companys Self Storage Industry Group. SSIG, an international real estate consulting team specializing in the self-storage asset class, was born on 2006 from Self Storage Economics, a venture launched by Sonne in 2002. SSIG publishes an annual Self-Storage Investor Survey as well as other industry-relevant resources.
Schwartz is CEO and chairman of the board for Strategic Storage Trust Inc., a publicly registered, non-traded real estate investment trust targeting the self-storage market. Since its launch two-and-a-half years ago, Strategic Storage Trust has expanded its portfolio of wholly-owned properties to include 39 properties in 15 states.
The Real Estate Finance Journal is produced by Thomson West, a Thomson Reuters business. It examines the opportunities and pitfalls facing real estate owners, developers, investors and lenders, focusing on financing, liability, investments, taxes, and asset management.