The coronavirus crisis has disrupted every sector of the self-storage business, from building to operation and everything between. Though our industry is well-recognized as being resilient in economic downturns, there’s still an impact on the investing side, leaving owners and investors to wonder about the fate of their assets and what opportunities may emerge.
In this timely “Sounds of Storage” podcast, Inside Self-Storage (ISS) Contributing Editor Tony Jones speaks with national real estate expert Steven Weinstock of Marcus & Millichap (M&M) about factors affecting investments today and the potential benefits to self-storage from the federal stimulus package. Weinstock also discusses whether this unprecedented situation represents a good or bad time to sell a storage facility.
Weinstock is a first vice president and regional manager of the M&M Chicago/Oak Brook office. He’s also the national director of the firm’s National Land and Self-Storage Groups. Prior to joining the company in 2001, he owned and operated a brokerage and property-management company. He has a bachelor’s degree from the University of Michigan and a Juris Doctor from Wayne State University Law School.
Founded in 1971, M&M employs nearly 2,000 investment and financing professionals in offices throughout Canada and the United States. It provides real estate, joint-venture and mortgage brokerage as well as research and advisory services to commercial investors and owners.
Duration: 9 minutes, 29 seconds
To learn more about the impact of the coronavirus pandemic on self-storage, access our COVID-19 resource page. For additional insight on industry investing and real estate, browse the hundreds of related products in the ISS Store.
To access additional installments in the "Sounds of Storage" series, visit the ISS podcasts page.