The Best Ever CRE Show JF3773: Why This Ex-Google Employee Uses Zillow Data to Push Self-Storage Rents & What He's Building Next ft. Faraz Hemani
Amanda Cruise and Ash Patel discuss the current state of the self-storage market with Faraz Hamani, owner of Pebble Capital Group. They explore the evolution of self-storage post-COVID, the challenges of rent pressures, customer retention strategies, acquisition tactics in a changing market, and the impact of cap rates and financing on the industry. The discussion also touches on the comparison between self-storage and mobile home parks, highlighting the unique challenges and opportunities in both asset classes. In this conversation, the speakers delve into the intricacies of self-storage and flex space investments, discussing the impact of data science on rent management, innovative tenant assessment techniques, and the importance of understanding tenant behavior. They share valuable lessons learned from past investment mistakes and explore current market trends in self-storage and flex spaces. The discussion also covers development strategies in high-demand areas, the appeal of flex spaces, and the challenges of retail investment, concluding with insights on investor relations and return strategies.
Faraz Hemani | Real Estate Background
- Owner of Pebble Ridge Capital Group
- Based in: Houston, TX
- Say hi to them at:
- www.IronStorage.com
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