By Ken Schutter
Executive vice president
For operators of self-storage businesses, the hurricane catastrophes that struck Florida,
Texas and Puerto Rico this past August and September have become business-altering events.
In the immediate aftermath of the storms, many operators faced a wave of insurance-related
questions from all sides. n■■■Long-term fundamentals for the self-storage sector are positive. Self-storage occupancy and rental rates have generally stayed steady or risen over
the last several years. Existing and new operators alike see the potential for expansion,
and the next challenge may be how to finance self-storage facilities while demand
remains high. That creates opportunity for commercial mortgage brokers who take the
time to understand the market and can successfully pair borrowers with the right lenders.
Finding the right lender in this specialty-property
market often comes down to size