Look Who’s Talking Chuck Gordon

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Despite being at the tail end of a development cycle, the self-storage industry experienced a significant uptick of new supply in 2018. Similar to 2017, many markets across the country were inundated with additional ground-up facilities and infill conversion projects thanks to continued interest in the sector from new investors as well as developers who were eagerly building storage sites with the intent of selling them through Certificate of Occupancy deals with REITs/large operators or having them managed by third-party management companies.