03. September 2020 - 18:30 till 20:30
Philly Office Retail, Elkins Park
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Investing in Self-Storage Facilities | Thursday, 03. September 2020

Investing in Self-Storage Facilities

HAPCO – Main Meeting

Sept 3rd, 2020

Time: 6:30pm-8:30pm

Entrance Fee: $5.00

Location: Philly Office Retail, 4701 Germantown Ave, Philadelphia, PA 19144

Presented By: Sergio Altomare, Co-Founder & CEO at Hearthfire Holdings

Discussion: Investing in Self-Storage Facilities

Overview: Investing In Self Storage - Self-storage is known as being one of the few asset classes considered "recession-resistant" and is growing in popularity with investors. Learn the similarities and differences from multi-family and other commercial properties and how to consider moving to or adding self-storage to your portfolio.

Sergio with go over the nuances with acquiring and operating a self-storage facility Self-Storage Businesses

Commercial real estate is made up of several different kinds of property types. In this presentation Sergio will look at self-storage facilities, a fast-growing sector that has taken advantage of a growing market of persons needing to store excess household items.

Self-storage businesses offer space-strapped customers a secure place in which to store things they don’t need right now, but can’t bring themselves to throw away. These facilities have become big business; nearly 1 in 10 American households uses one of about 50,000 self-storage facilities. The sector has generated more than $22 billion in annual U.S. revenues, and rentable space now totals more than three times the size of Manhattan island. Television shows like “Storage Wars” and “Auction Hunters” have grown out of the phenomenon