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The middle of the pandemic may seem like an odd time to launch a new company, but Drew Dolan saw opportunity. He founded DXD Capital and launched a fund to target self-storage properties. He cites historical precedent as the impetus for the new company. For the past three downturns, self-storage has outperformed other commercial asset classes.

“The rental market for self storage has traditionally been very seasonal, ramping up in spring and tailing off after summer,” Dolan, principal and fund manger at DXD Capital, tells GlobeSt.com. “We should be seeing the lowest annual rents this time of year as demand drops off, but instead we are seeing rents that resemble the peak summer months. We believe this is linked to sustained changes in personal and business behaviors compounded by the secular growth the sector has seen coming for the last fifteen years.  Self storage adoption in the US has increased 50% over that timeframe our bet is that trend accelerates with unprecedented unique new customer demand.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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