Self Storage Weathering COVID-19 Storm;
Previous Asset Performance Demonstrates Resilience

Self storage properties nationwide presented excellent fundamentals leading up to the current public health crisis. Coupled with a diverse userbase, and relatively low overhead, storage facilities may be able to maintain cash flows. These unique circumstances will present challenges for owners and operators but supporting loans through the CARES Act may provide monetary relief. Limited access to facilities and subsequent lower foot traffic put many self-storage locations in phase one of federal reopening guidelines.