# SVP of SafeGuard Storage talks the downside of a historically long economic climb.

Page: https://stenobird.com/podcast/stories-behind-the-door-7023511/svp-of-safeguard-storage-talks-the-downside-of-a-historically-long-economic-climb
Text version: https://stenobird.com/podcast/stories-behind-the-door-7023511/svp-of-safeguard-storage-talks-the-downside-of-a-historically-long-economic-climb.md
Podcast: [Stories Behind the Door](https://stenobird.com/podcast/stories-behind-the-door-7023511)
Published: 2026-04-15T15:45:00+00:00
Episode link: https://c1fb7a5a-b918-4752-8e66-99cccd34cccf.libsyn.com/svp-of-safeguard-storage-talks-the-downside-of-a-historically-long-economic-climb
Audio file: https://dts.podtrac.com/redirect.mp3/traffic.libsyn.com/secure/c1fb7a5a-b918-4752-8e66-99cccd34cccf/0-Podcast-Audio-Stan-Bonilla.mp3?dest-id=4709347
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Duration seconds: 2068

## Resource

I sit down with Stan Bonilla , Senior Vice President of Asset Management and Development at Safeguard Self Storage , for a deep dive into the institutional side of the business . Stan brings decades of experience to the table, and in this episode, he pulls back the curtain on how a privately held REIT managed by Morgan Stanley navigates a turbulent 2026 market . We discuss Safeguard's recent pivot from ground-up development to aggressive acquisitions and why their all-cash buying power allows them to close multi-million dollar deals in under three weeks . Stan also provides a sobering look at the legislative climate in New York and the SSA's vital role in protecting owners from rent control and over-regulation . Key Takeaways from this Episode: Economics 101: Why the current decline in rates is management-driven and necessary for absorbing oversupply . Institutional Flow: A case study on why merchant developers are selling portfolios to aggregators like Carlyle, who then flip to REITs . Predictable Rates: Why "stable" interest rates are more important than "low" rates for getting deals to pencil . The Merchant Risk: Why 3rd party management platforms can sometimes encourage risky developments just to capture fees . A Higher Calling: Stan's journey back to his faith and why the "Five Solas" form the foundation of his life and leadership . Whether you are a developer looking for a deal-closer or an operator trying to understand where the "green shoots" are appearing in 2026, Stan the Man's insights are essential . Connect with Stan Bonilla: Email: sbonilla@safeguardit.com Website: https://safeguardit.com Connect with Thaddeus Campbell: Website: https://s3.partners/ LinkedIn: https://www.linkedin.com/in/itsthadcampbell/ This episode was brought to you by: https://kiwicons…

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