I’ve heard a few times over the years about how self storage is a good play / investment during recessions. Something about how when times are good, wealthy people use them to store extra stuff they “want to” and when times are bad and people forced to downsize they tend to use them because they “have to”. Some are even profitable with only 60% occupancy, if I recall correctly.
Another one went public this week, SMA / SmartStop Self Storage REIT and may have been the worst possible time to do it. But little I’ve seen and read, they seem like a good company.
Anyone else heard of them?