『Self-Storage in a Bear Market: Big-Box Conversions, Distress, and Buying Below Replacement Cost | Neil Henderson』のカバーアート

Self-Storage in a Bear Market: Big-Box Conversions, Distress, and Buying Below Replacement Cost | Neil Henderson

Self-Storage in a Bear Market: Big-Box Conversions, Distress, and Buying Below Replacement Cost | Neil Henderson

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概要
Self-storage has long been considered recession resilient, but what happens when high interest rates freeze the housing market and fewer people move? Neil Henderson of Nomad Capital joins Chris Lopez to explain why the industry is facing one of its most difficult markets in decades and what could finally restart demand. Neil also breaks down Nomad’s strategy of converting vacant big-box stores into climate-controlled storage at roughly half the cost of ground-up construction. They discuss current deal economics, slower lease-ups, competition from major REITs, and why shopping centers with existing retail income could offer investors a valuable margin of safety. Key takeaways: • Why self-storage demand is closely connected to home sales • How big-box conversions can cost significantly less than new construction • Why slower lease-ups have delayed distributions for storage investors • What fixed-rate debt can protect during a difficult market cycle • How major storage REITs can pressure smaller operators • Where Neil sees the strongest self-storage opportunities heading into 2027 Join a community of passive investors. Start your FREE 7-day trial: https://passivepockets.com/?utm_source=youtube&utm_medium=description&utm_campaign=none Listen to the PassivePockets Podcast Anywhere: https://lnk.to/passivepockets Subscribe to the Passive Investing Newsletter: https://www.biggerpockets.com/email-subscribe?utm_source=youtube&utm_medium=description&utm_campaign=none Join BiggerPockets for free: https://www.biggerpockets.com/signup?utm_source=owned_media Disclaimer The content of this podcast is for informational purposes only. All host and participant opinions are their own. Investment in any asset, real estate included, involves risk, so use your best judgment and consult with qualified advisors before investing. You should only risk capital you can afford to lose. Past performance is not indicative of future results. This podcast may contain paid advertisements or other promotional materials for real estate investment advisers, investment funds, and investment opportunities, which should not be interpreted as a recommendation, endorsement, or testimonial by PassivePockets, LLC or any of its affiliates. Viewers must conduct their own due diligence and consider their own financial situations before engaging with any advertised offerings, products, or services. PassivePockets, LLC disclaims all liability for direct, indirect, consequential, or other damages arising out of reliance on information and advertisements presented in this podcast.
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