In today’s show, Pancham interviews Kris Benson - chief investment officer for Reliant Investments which is a subsidiary of Reliant Real Estate Management and one of the top 25 commercial self-storage operators in the U.S. in 2019.
Kris Benson saw the value in self-storage investing when he is looking for asset classes to invest in. He became part of the investment committee at Reliant, and in just 5 years, it has completed over $650,000,000 in self-storage acquisitions and dispositions!
In today’s episode, Kris shares everything you need to know about self-storage investing - its history, how it works, the market trends, locational strategy, and more!
You’ll also see why self-storage is the most valuable asset class so don’t miss this episode!
Quote:
“It’s been a fun adventure kinda getting to this point. Storage is a really dynamic market right now.”
Timestamped Shownotes:
- 1:23 - Pancham introduces Kris to the show
- 2:33 - How he got into the self-storage industry
- 8:10 - How self-storage works (and how its industry has evolved)
- 11:26 - The type of clients in the self-storage industry
- 13:38 - How location affects his investing decisions
- 16:44 - His analysis on the market trends amidst the pandemic
- 19:37 - The details of his first ground-up development
- 22:56 - How working out helps with his outlook and his success
- 25:46 - Taking the Leap Round
- 25:46 - His first investment outside of Wall Street
- 28:03 - Fears he overcame from his first investment
- 29:01 - How his investment in a healthcare company didn’t work out
- 30:51 - Figuring out the type of investor you want to be
- 34:14 - Kris’s contact information
3 Key Points:
- Self-storage is a recession-resilient investment that was able to adjust quickly to unfortunate events.
- Self-storage is about the convenience of clients that hate to get rid of their stuff.
- Finding the perfect location for self-storage is crucial in the industry.
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