Life Cos. Favor Self-Storage for Its Consistent Performance

High-quality self-storage properties are among the favored asset classes for life insurance companies. The Ezralow Co. has secured $364 million through four life companies for a 15-property self-storage and industrial portfolio in California. The portfolio includes 12 self-storage assets and three industrial properties

“Many life companies understand and favor this asset class due the strong performance of well-located and well-operated properties in this environment,” Peter Welsh, principal at Gantry, tells GlobeSt.com. “The fact that self-storage properties perform consistently in both growth and recessionary markets is also appreciated. It is a unique asset class in that way. People buy more stuff in a growth economy, and often consolidate and relocate in a recessionary economy, both are drivers for self-storage assets.”