Self-Storage Consolidation Driven by Scale Benefits, CEO Says

Arlen Nordhagen, chairman, president and CEO of National Storage Affiliates (NYSE: NSA), joined REIT.com for a CEO Spotlight video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.

National Storage currently owns 318 self-storage facilities located in 18 states.

Nordhagen said the company’s decision to increase its quarterly dividend by 10 percent reflected strong growth in funds from operation (FFO) per share.

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Self-Storage REIT CubeSmart Fueled by Urbanization, Limited Supply

Chris Marr, president and CEO of CubeSmart L.P. (NYSE: CUBE), joined REIT.com for a CEO Spotlight video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.

CubeSmart is one of the largest owners and operators of self-storage facilities in the United States.

Marr discussed the factors driving organic growth at CubeSmart. He pointed to the lack of any significant new supply since the financial crisis, as well as the growing urbanization of the U.S.

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REIT Filling Gap in Lending for Self-Storage Development

John Good, president and COO of Jernigan Capital (NYSE: JCAP), joined REIT.com for a video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.

Jernigan Capital is a newly formed REIT that lends directly to self-storage owners and developers. Good explained that the company is filing a void left by the banks in the wake of the financial crisis. Due to increased regulation, banks are finding it harder to make loans on development properties, he said.

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