Blackstone and Brookfield Are Hunting Self-Storage REITs

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Blackstone and Brookfield Are Hunting Self-Storage REITs

We recently bulked up two of our self-storage REIT investments, noting that the sector had recently caught the eye of Blackstone (BX), which is rumored to be attempting to buy out Big Yellow Group (BYG / BYLOF), our largest investment in this space. (You can read our Trade Alert by clicking here)

Data by YCharts

Now, just two weeks later, Brookfield (BAM) is attempting to buy out National Storage REIT (NSR / NTSGF), our Australian self-storage REIT:

That’s now two self-storage REIT buyout attempts affecting our holdings over a short period of time.

It is also very interesting that this is coming from the two largest and most sophisticated alternative asset managers in the world: Blackstone and Brookfield.

I think that it strongly reaffirms our thesis for investing in foreign self-storage REITs, which are still 10-20 years behind the US in terms of supply, and offer an opportunity to replicate the strong historical returns of US self-storage REITs as the concept grows in popularity and they develop new properties to meet the demand:

Should we sell, hold, or buy more?