Self-Storage, Multifamily Poised for Appreciation

SAN DIEGO—Land, self-storage and multifamily are three asset classes poised for growth, said panelists at REISA’s Spring Symposium here earlier this week. According to moderator Derek Peterson of Walton International, while seemingly unrelated, the three categories derive their growth from the same source: population growth.

Peterson pointed out that US population is expected to reach 400 million by the year 2050, a growth of 3 million people per year. Housing starts are projected to hit more than 1 million this year, a number that has been rising over the past few years. Participating in that growth is the key to understanding which markets will thrive in the near future.