Self-storage transaction volume fell from $25.5 billion annually to $5.6 billion in 2024. Average price per square foot dropped from $157 to $106. Reframe and Centerbridge launched their joint venture at that bottom, and CoStar covered why.
With $350 million from JPMorgan now in place and new supply moderating across the sector, the platform is moving. Six assets acquired. Over $500 million in acquisitions targeted.
