The self-storage industry’s status as a “recession-resistant business” is being put to the test during the coronavirus pandemic. But despite a sour economy, facility investors and operators will likely benefit in the coming months. See how and why.
STORE Capital Corp. stands to see $102.5 million in rent deferrals over two quarters.
The disruption from the pandemic and the subsequent liquidity pullback have spelled the end for a number of planned acquisitions.
The group outlined several actions it will take in the coming weeks and months to help promote healthy and sustainable tactics.
New leases in Manhattan declined by 71 percent in April compared to a year earlier.
