Ep 50 | Self-Storage Industry: Market Fragmentation, Risks, & Raising Capital with Jacob Vanderslice
Manage episode 423762912 series 3501371
In this episode, Craig Fuhr, Jack BeViere, and Jacob Vanderslice discuss the self-storage market and the players involved. They explore the fragmented nature of the market, with large public companies, mid-sized operators, and mom-and-pop businesses all competing for market share. They also discuss the challenges of competing with large private equity firms and REITs in widely marketed deals. The conversation then shifts to development projects and the risks involved, as well as the potential for converting office buildings into self-storage facilities. Finally, they discuss the process of raising capital and the importance of building trust with investors. Jacob Vanderslice discusses the importance of marketing and thought leadership in raising capital for real estate investments. He shares his experience of building relationships with investors through networking and referrals. Jacob also talks about the challenges of raising capital and the different sources of equity, including institutional investors. He emphasizes the need for transparency and investor relations in managing investor expectations. Jacob reflects on the roller coaster nature of the real estate business and the constant learning process involved in growing a successful investment platform.
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