PERE Credit’s latest feature examines the rising momentum of self-storage as a destination of choice for private real estate credit managers. The story highlights how supply constraints in the U.S. housing market, favorable long-term fundamentals and a notable lack of new construction across asset classes are converging to create compelling lending opportunities in the sector.
Featured in the story, Axonic’s Partner and Head of Commercial Real Estate, James Jordan, spoke to both the opportunity and the firm’s active positioning in the space:
“We are focused on middle-market construction lending, which we view as inefficient, and a significant opportunity set for a group like ours… We are bullish on long-term rents in the space, and we are undersupplied across the major metros.”
Through a construction lending venture launched last year with Affinius Capital, Axonic is targeting mid-market projects, including those in the self-storage sector, where the firm sees a meaningful gap in available capital and strong supply-demand dynamics ahead.
Read the full story in PERE Credit, click here.