{"id":1004135396,"date":"2016-01-22T07:51:00","date_gmt":"2016-01-22T15:51:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004135396"},"modified":"2020-05-13T02:11:47","modified_gmt":"2020-05-13T10:11:47","slug":"inland-private-capital-enters-self-storage-biz","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/inland-private-capital-enters-self-storage-biz\/","title":{"rendered":"Inland Private Capital Enters Self-Storage Biz"},"content":{"rendered":"

By Keith Loria, Contributing Editor<\/p>\n

\"Keith<\/a>

Keith Lampi, President & COO, Inland Private Capital Corp.<\/p><\/div>\n

Inland Private Capital Corp.<\/a> has entered into a strategic partnership with Metro Storage LLC<\/a>, marking the launch of IPCC\u2019s newest investment platform focused on strategically acquiring, owning and managing self-storage properties across the nation.<\/p>\n

\u201cMetro Storage brings a national management footprint, as well as a 40-year track record with in-place acquisitions and property management expertise, to the table,\u201d Keith Lampi, IPCC\u2019s president & COO, told CPE. \u201cEntering the storage sector with an operating partner of Metro’s size and caliber will allow Inland Private Capital Corp. to deliver best-in-class service through its self-storage offerings.\u201d<\/p>\n

According to \u201cStorage & Warehouse Leasing in the U.S.,\u201d IBISWorld Inc.\u2019s recent report<\/a> examining the U.S. self-storage market, company analysts believe the U.S. market is poised to grow through 2020 but warn profit-margin growth will likely slow \u201cas heightened internal competition and lower rental rates take their toll on earnings.\u201d<\/p>\n

The report shows that by the end of 2016, the U.S. storage market is expected to top $28 billion in revenue, achieving a 3 percent annual growth rate since 2010.<\/p>\n

\u201cWith solid demand from households and businesses projected to boost industry revenue, the industry faces a bright future,\u201d analysts said in the report. \u201cSteady population growth, increases in the residential rental market, rising per capita disposable income and the number of relocations will all continue to support growing industry demand over the next five years.\u201d<\/p>\n

Metro has a longstanding track record of providing self-storage investment opportunities to large institutional partners, including 40 years of in-place acquisitions and property management expertise.<\/p>\n

\u201cWe continue to see solid operating fundamentals in the storage sector. The prospect for rent growth remains strong, as needs-based demand coupled with limited new supply continues to drive occupancies and performance,\u201d Lampi said. \u201cThe low capital expenditure nature of the storage business also makes the sector a great fit for our investment structure.\u201d<\/p>\n

According to Lampi, income-producing assets with strong operating fundamentals and the prospect for growth check all of the boxes for the company.<\/p>\n

\u201cThe three core objectives we set out to accomplish focus on income stability, preservation of capital and value appreciation,\u201d he said. \u201cThe storage sector strikes a healthy balance of all three principles.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Inland Private Capital Corp. has formed a strategic partnership with Metro Storage LLC, marking the launch of its self-storage investment platform it hopes to expand nationwide. <\/p>\n","protected":false},"author":451,"featured_media":1004135399,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21808,21783,13,23891,21742],"tags":[],"class_list":["post-1004135396","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-featured","category-investment","category-midwest","category-national","category-latest"],"acf":[],"yoast_head":"\nInland Private Capital Enters Self-Storage Biz - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/inland-private-capital-enters-self-storage-biz\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Inland Private Capital Enters Self-Storage Biz\" \/>\n<meta property=\"og:description\" content=\"Inland Private Capital Corp. has formed a strategic partnership with Metro Storage LLC, marking the launch of its self-storage investment platform it hopes to expand nationwide.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/inland-private-capital-enters-self-storage-biz\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-01-22T15:51:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-13T10:11:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/LampiKeith-750.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keith Loria\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/inland-private-capital-enters-self-storage-biz\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/inland-private-capital-enters-self-storage-biz\/\",\"name\":\"Inland Private Capital Enters Self-Storage Biz - 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