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Frisco, TX-Public-Storage1 Public Storage is the only major REIT to have a significant number of new facilities, such as this one in Frisco, TX, under construction.

CHICAGO—The nation’s largest self-storage REITs did impressive business in 2015, recording significant increases in occupancy rates, revenues and net operating incomes, according to a new report from MJ Partners, a Chicago-based self-storage firm. The robust sector also continues to have a relatively low amount of new development, making many existing locations very attractive to investors.

“There is certainly more private equity looking to get into self-storage,” Marc A. Boorstein, principal, MJ Partners, tells GlobeSt.com. “And if the economy keeps chugging along, it’s an excellent play.” But what makes these properties especially appealing is that self-storage, which strengthened alongside the economic recovery, has over the long-term also proven quite resistant to economic downturns. “Investors can have the best of both worlds.”

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Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.

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