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.”

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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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