Self-Storage Investors Target SoCal

US Storage Centers has added another 1,346 units to its Southern California portfolio with the purchase of a 140,000-square-foot facility in Los Angeles. The firm is focused on buying Southern California properties and buying class-A properties with a certificate of occupancy. To find out more about the firms strategy and expectations for the year, and to get some insight into the self-storage investment space this year, we sat down with Charles Byerly, president and CEO of US Storage Centers, for an exclusive interview.

GlobeSt.com: What are your your expectations and goals for 2018?  

Charles Byerly: We expect similar volume of deal flow in 2018 compared to 2017, but with the mix of deals being more lease up and certificate of occupancy deals as opposed to stabilized deals we were seeing over the past few years. We continue to develop new properties and look for acquisitions that contain a certificate of occupancy.