Marcus & Millichap’s Mele Storage Group Responds to Wall Street Journal Article

June 13th, 2007

The Wall Street Journal published an article last month that got the full attention of the self-storage industry. The article, entitled, “Self-Storage REITs Lose Heat,” chronicled the rise and fall of what it called a “tiny niche of real estate investment trusts in the self-storage sector.”

“A recent Wall Street Journal article reported that self-storage REITs are showing some softness. Same-store growth in net operating income declined a few percentage points,” said Michael A. Mele, Senior Investment Associate at Marcus & Millichap’s Mele Storage Group. “That may be true, but that doesn’t mean that there aren’t still solid investments in the market. It just means investors of all sizes need to be more cautious about their acquisitions.”

Click here to read the rest of this release on PR.com.

Entry Filed under: Public Relations, Media Relations, Crisis Communications, Industry Happenings