Self-Storage

Self-storage and on-demand storage as an investment / business-model theme, captured from Kyle’s June 29th, 2021 Roam “Quick Capture” reading log. The saved links span the marketplace and on-demand ends of the category — SpareFoot (a storage-unit marketplace), Neighbor.com (peer-to-peer “Airbnb for storage”), and a TechCrunch report on Clutter raising a $200–250M round led by SoftBank for on-demand storage and moving. No narrative synthesis exists yet beyond the saved sources; the links below are what Kyle flagged to explore.

Quick Capture links — June 29th, 2021

• https://www.sparefoot.com/
• https://www.neighbor.com/
• [private Drive link withheld]
• https://techcrunch.com/2019/01/31/sources-clutter-is-raising-200-250m-led-by-softbank-for-on-demand-storage-and-moving/

News — April 22nd, 2021

• Public Storage ($PSA) acquires ezStorage for $1.8B
  • adding a portfolio of 48 properties in areas with strong demand and high barriers for new property development across Washington DC, Virginia, and Maryland.
  • It expects the deal to close in May and to immediately boost funds from operations, or FFO, a key real estate metric that measures cash flows
  • The deal is the latest by Public Storage, which has expanded its business by adding about 21 million net rentable square feet through $4.1 billion of acquisitions, development, and redevelopment, including properties under contract since 2019.