# How Private Equity Is Buying Up Self-Storage Facilities

Page: https://stenobird.com/podcast/the-buyout-show-with-fexingo-private-equity-roll-ups-and-business-acquisitions-7871630/how-private-equity-is-buying-up-self-storage-facilities
Text version: https://stenobird.com/podcast/the-buyout-show-with-fexingo-private-equity-roll-ups-and-business-acquisitions-7871630/how-private-equity-is-buying-up-self-storage-facilities.md
Podcast: [The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions](https://stenobird.com/podcast/the-buyout-show-with-fexingo-private-equity-roll-ups-and-business-acquisitions-7871630)
Published: 2026-06-29T16:58:36+00:00
Episode link: https://audio.fexingo.com/business/the-buyout-show/episode-0082.mp3
Audio file: https://audio.fexingo.com/business/the-buyout-show/episode-0082.mp3
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JSON: https://stenobird.com/v1/public/podcasts/the-buyout-show-with-fexingo-private-equity-roll-ups-and-business-acquisitions-7871630/episodes/how-private-equity-is-buying-up-self-storage-facilities
Duration seconds: 750

## Resource

Private equity has spent roughly $8 billion acquiring self-storage facilities over the past 24 months. Lucas and Luna unpack the thesis: stable cash flows, minimal labor costs, and a fragmented market where the top 10 operators control only 20% of supply. They zero in on Extra Space Storage's acquisition of Life Storage in 2023, which created a $47 billion REIT, and examine how PE firms like Blackstone and Ares Management are rolling up mom-and-pop sites in secondary markets. The hosts discuss cap rate compression from 8% to 6.5% over three years, the risk of oversupply in Sun Belt metros, and why the typical self-storage unit generates $1,200 in annual revenue. A nuanced take on an asset class that institutional investors increasingly treat as core real estate. #PrivateEquity #SelfStorage #RealEstate #Blackstone #ExtraSpaceStorage #AresManagement #REIT #CapRate #SecondaryMarkets #RollUp #StorageWars #InstitutionalCapital #SunBelt #FragmentedMarket #CashFlow #BusinessAcquisition #Finance #FexingoBusiness Keep every episode free: buymeacoffee.com/fexingo

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## Transcript

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