Raising $150 Million for Self-Storage Development with Cory Sylvester

Kris Bennett of PassiveInvesting.com interviews Cory Sylvester of DXD Capital on how he raised $150 million for self-storage development. He explains how he built his development team and found the right investors who took a chance on their prospects. Cory discusses finding the best business partners, the three main factors to consider when looking for potential development sites, and why he favors Bluetooth-operated lock systems over lock and key models. He also shares insights about the Wall Street Journal article that points out the supposed declining rates across the REITs and Public Storage’s acquisition of Simply Self Storage from Blackstone Real Estate Income Trust, Inc.