WHY SELF STORAGE ?
Self-storage development is a fragmented asset class which often leads to an inefficient marketplace, presenting opportunities that compliment our non-commodity investment strategy.
STRONG ECONOMIC ATTRIBUTES
Absence of tenant improvement requirements
High margins with low variable costs
Negligible exposure to single tenants
Elastic monthly rents
Self-storage demand is driven by mobility, which
increases during periods of economic expansion and contraction making storage recession resistant.
COMPELLING DEVELOPMENT DYNAMICS
The self-storage industry is currently experiencing and projected to sustain favorable trends to new development, driven by:
All-time high occupancy levels
Muted new supply appearing in certain MSAs
The nation-wide millennial trend towards urbanization
Growing technological advantages to national operators
Pricing power and rent rate growth
Growing per capita usage of self-storage
BlackMountain Partners, LLC is a real estate investment firm founded in 2017 focused on self-storage development opportunities in the Northeastern United States.
BMP is an affiliate of a family organization with significant investment and development experience across a broad range of opportunistic commercial real estate asset classes. BlackMountain’s team has built a successful track record across multiple market cycles while maintaining core principles of speed, diligence and integrity.