Seeking Alpha

Brad Case  

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  • Extra Storage Space: Diversify Your Portfolio With a Self-Storage Leader [View article]
    Ah, very good, cawest--thanks for the insight.
    Feb 8, 2011. 09:38 AM | Likes Like |Link to Comment
  • Extra Storage Space: Diversify Your Portfolio With a Self-Storage Leader [View article]
    Very good, omaha--thanks.
    Feb 5, 2011. 09:50 AM | Likes Like |Link to Comment
  • Extra Storage Space: Diversify Your Portfolio With a Self-Storage Leader [View article]
    Turner, Brad T., and omaha,
    I haven't seen any data, but I don't believe that the younger generation is less interested in storing things. The older generation stored things because they were frugal and didn't want to throw away anything that might still be of value. The younger generation stores things because they're wealthy and able to buy more things than they can fit in their houses or apartments. I truly don't see any significant tapering off in the demand for storage space.

    Also, I agree with BT: I expect that technology will be a significant driver of earnings for publicly traded storage REITs such as EXR at the expense of mom-and-pop operations. To be able to view the available storage spaces online, choose the right one without driving to the location to scope it out, and reserve it rather than finding out it's been rented while you were in your car--all those give EXR and the other publicly traded REITs a competitive advantage over the rest of the industry.
    --Brad
    Feb 4, 2011. 03:41 PM | Likes Like |Link to Comment
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