The AAA Storage Podcast - podcast cover

The AAA Storage Podcast

Investing in self storage gives you the fundamentals and growth you need to grow your portfolio. But skip the opportunities from golf buddies and gurus—invest in a real track record. Started by John Muhich in 1993, AAA Storage has delivered 19% IRR across 90 deals, totaling $450M in exits. Listen to our expert insights on investing from the AAA Storage team. See more at aaastorageinvestments.com.
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Episodes

How We Underwrite a Storage Deal — Start to Finish

Join us for an in-depth look at the art and science of deal underwriting with Logan Broyles, Senior Market Analyst at AAA Storage. In this episode, Logan pulls back the curtain on the nuanced process of evaluating self storage investments, from defining markets to weighing critical data points like supply, demand, and growth dynamics. Discover how the AAA team balances rigorous analysis with practical judgment to deliver sound investment decisions in a rapidly changing real estate landscape. If ...

Aug 12, 202534 minEp. 19

Breaking Down the Big Beautiful Bill's Impact on CRE Investing

Join us for this we sit down with Paul Bennett to break down the landmark HR1 “Big Beautiful Bill” and its impact on commercial real estate investing. Together, they clarify what the new legislation means for investors, including enhancements to bonus depreciation, changes to qualified business income deductions, and the elimination of green energy tax credits. Paul shares practical examples and actionable insights, helping both seasoned and new investors understand the most significant tax and ...

Jul 20, 202521 minEp. 18

How Investing in a Real Estate Fund Really Works

In this episode of The AAA Storage Podcast, host Paul Bennett to break down the mechanics of how AAA’s self-storage investment fund is structured. Paul offers a clear, step-by-step explanation—from initial investor contributions and property risk protection to the timing of returns and the careful alignment of interests between investors and sponsor. If you’ve ever wondered how real estate funds actually work or are considering a new investment, this episode provides straightforward insights and...

Jul 06, 202535 minEp. 17

How the Most Recent Global Conflict May Impact Real Estate

Paul Bennett takes on the breaking news of Israel’s strikes on Iranian nuclear sites and the resulting escalation—laying out what this could mean for U.S. real estate. Paul draws on 40 years of investment experience to address what matters: heightened market volatility, possible shifts in oil and inflation, and the sector-by-sector fundamentals that investors need to understand as the global crisis unfolds. Political opinions are left aside; the focus stays on how international instability can s...

Jun 14, 202526 minEp. 16

Mid-year Update: Data Indicates a Real Estate Bottom

Welcome to our data-driven mid-year 2025 real estate investing review, cutting through speculation to focus on the facts behind each major real estate sector’s position in the current cycle. COVID-induced shockwaves are still shaping fundamentals, with some asset classes finding their footing and others facing ongoing pressure. We outline where new opportunities are appearing, which sectors have stabilized, and where caution is still warranted—without gloss or hype. Key Highlights Multifamily : ...

Jun 09, 202542 minEp. 15

Wisdom from an Experienced Real Estate Investor

In this episode of the AAA Storage Podcast, Paul Bennett focuses on the essential lessons that come from nearly four decades of investing in real estate. Paul shares practical, candid insights about what shapes long-term success—discipline, planning, selecting the right sponsor, and the realities of market cycles. The discussion speaks directly to high-net-worth investors looking for reliable returns in self storage, offering grounded perspective instead of trends or empty promises. Key Highligh...

Jun 02, 202529 minEp. 14

Multifamily and Self-Storage Market Outlook 2025 (plus PassivePockets Conference Reaction)

In this episode of The AAA Storage Podcast, Paul Bennett unravels the current dynamics of the multifamily and self-storage markets. Fresh from the PassivePockets conference, Paul shares insights from thought leader Brian Burke on the real estate sector's trajectory through 2025. Explore the influence of the 2008 financial crisis patterns on today's market and discover why patience and strategic opportunities may define the real estate landscape for the coming years. Key Highlights: • Insights fr...

May 18, 202524 minEp. 13

Introducing Growth Fund 2

Join Paul Bennett to discuss the dynamics of Growth Fund 2, a promising investment venture emerging from the success of Growth Fund 1. This episode dives into the strategic approach of moving from single property syndications to a well-structured fund model, providing a synthesis of expertise in self-storage and office industrial flex investments. Dive into the tactical deployment of capital, market trends, and the opportunities awaiting accredited investors looking to diversify and grow their e...

May 02, 202529 minEp. 12

Investing in Self-Storage Amid Market Turmoil

In Episode 11 of the AAA Storage Podcast, host Paul Bennett discusses the current market turmoil and its implications for self-storage investing. Amidst recent fluctuations in the markets, they dive into how these changes impact alternative investments, particularly focusing on self-storage facilities. Paul brings his extensive experience to explore the risks and opportunities that arise in such uncertain times, offering insights into why self-storage remains a resilient investment choice. Key H...

Apr 20, 202523 minEp. 11

Hyper-local Market Supply and Demand

In this enlightening episode of the AAA Storage podcast, Paul Bennett explores the nuanced world of self-storage investment with a focus on hyper-local market dynamics. We discuss the intricacies of supply and demand, emphasizing the importance of geographic specificity in self-storage performance. Tune in to discover essential strategies for evaluating local markets and the critical role of community engagement to enhance investor success. Key Highlights : • Definition and significance of hyper...

Apr 13, 202530 minEp. 10

Navigating Economic Cycles in Self-Storage

In this episode of the AAA Storage podcast, we explore how to navigate economic cycles within the self-storage industry, featuring insights from Paul Bennett. With expertise spanning several decades and economic downturns, Paul shares his experiences weathering financial storms from the 2008 crisis to the COVID-19 pandemic. Dive into the strategies that make self-storage a resilient asset class, even in tumultuous times, and the fundamentals that continue to offer long-term investment stability....

Apr 06, 202532 minEp. 9

2025 Market Outlook and Investing Wisdom feat. Paul Shannon

In episode 8 of the AAA Storage Podcast, we explore the 2025 market outlook and dive into the world of passive real estate investing with special guest, Paul Shannon. Shannon, an accomplished real estate expert and co-host of the Passive Pockets podcast, shares his insights on the evolving landscape of passive investments and commercial real estate. Join hosts Brandon Giella and Paul Bennett as they discuss the challenges and opportunities in today's economic climate, offering listeners an in-de...

Mar 31, 202535 minEp. 8

Insights into the Capital Stack

In this episode of the AAA Storage podcast, Paul Bennett discusses the intricacies of the capital stack in real estate investing. He breaks down the components of senior debt, mezzanine debt, preferred equity, and common equity—discussing their risk profiles, returns, and why certain tranches might appeal to different investors. With decades of real estate experience, Paul provides actionable insights for seasoned and novice investors alike, making this episode essential for anyone looking to un...

Mar 24, 202530 minEp. 7

Understanding Cap Rates, Yield on Cost, Development Spread, and IRR

In this episode of the AAA Storage Podcast, we discuss the intricate details of real estate investing, focusing on crucial financial metrics like Cap Rates, Yield on Cost, Development Spread, and Internal Rate of Return (IRR). With expert insights from Paul Bennett, we explore how these metrics help investors evaluate properties and predict potential returns. Whether you're a seasoned investor or looking to understand the fundamentals, this episode offers valuable guidance on navigating real est...

Mar 17, 202528 minEp. 6

Behind the Scenes of Leasing and Managing a Self-storage Facility

In this episode of the AAA Storage Podcast, Paul Bennett and David Luce, the VP of Operations at AAA Storage, explore the intricate details of leasing and managing self-storage facilities—topics rarely uncovered in the industry. David explains the evolution of management practices over the past decade, the role of technology in operations, and provides a comparative look at leasing up new facilities versus managing mature ones. Listeners will gain a deeper understanding of self-storage investing...

Mar 10, 202538 minEp. 5

Investing in Office and Industrial-Flex Real Estate

In this episode of the AAA Storage Podcast, Paul Bennett takes us through the significant value to be found in investing in office and industrial-flex real estate. Paul elaborates on the synergy between self-storage facilities and office industrial flex properties, highlighting the advantages these investments bring to a diversified portfolio. This episode offers a clear insight into the diversification benefits and financial dynamics of these real estate investments. Key Highlights Explanation ...

Feb 27, 202519 minEp. 4

The Future of Self-Storage: Trends and Opportunities

In this episode of the AAA Storage Podcast, we discuss the future of self-storage investments with expert Paul Bennett. Explore trends shaping the industry, such as the rise of institutional influence and the impact of economic factors like interest rates and home sales activity. Listeners will gain valuable insights into why self-storage remains a resilient asset class and what to consider for future opportunities. Whether you're a seasoned investor or new to self-storage, this episode offers k...

Feb 19, 202520 minEp. 3

How to Get Started with Self-Storage Investing

In episode 2 of the AAA Storage podcast, Paul Bennett outlines the essentials of getting started with self-storage investing. With over 30 years of experience in the industry, Paul Bennett shares his expertise on how high-net-worth individuals can transition from residential to commercial real estate investments. The episode provides valuable insights into the benefits of partnering with a sponsor and the due diligence necessary in the investment process. Whether you're a seasoned real estate in...

Feb 13, 202517 minEp. 2

Why Invest in Self-Storage

In the inaugural episode of the AAA Storage Podcast, we sit down with Paul Bennett, the president of AAA Storage and managing director of Growth Fund One. We discuss the compelling reasons to invest in self-storage—a sector marked by its resilience and efficiency. Paul's extensive experience in real estate syndication offers a look into the strategic advantages and unique approaches that set AAA Storage apart in the industry. Key Highlights Understanding self-storage’s market resilience and stro...

Feb 03, 202521 minEp. 1
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