Thursday, May 28, 2020

Self Storage Q4 People Use Storage

I was hanging out with a buddy of mine a few days ago and he asked me, you know, "Self storage. Do people even use self storage?" Hi, my name is Fernando Angelucci. I'm "The Storage Stud".

The answer to the question is yeah, people use self storage quite a bit. A little over 10% of the U.S. population currently uses self storage and that number is forecasted to grow exponentially. Our two largest demographics, both the baby boomers as well as the millennials are the main drivers of self storage usage. The baby boomers are downsizing. Maybe they're going into retirement communities or downsizing into a small condo. A lot of their possessions, they're not getting rid of those things. And they're actually putting them in storage for medium to longterm hold times. On the opposite end of the spectrum are the millennials. You know, no longer is it the status quo to go buy a house when you turn 21 and go live out in the suburbs with this large lot that's super spaced out from all these other, you know, houses.

The trend now is a lot of the millennials and the younger generations are actually moving into the city centers because they want to be closer to the action. They want to be around all the cool restaurants and all the fun activities. And they're willing to opt for a smaller living space, maybe 700 to a thousand square feet, as opposed to getting a 2,500 square foot house in the suburbs. And then going and renting an additional hundred square feet of storage, maybe just down the road to use as their, you know, seasonal closet or their garage. If you want to put it that way. So we're seeing the use of storage increase substantially. And it's been fantastic for us.

Fernando O. Angelucci is Founder and President of Titan Wealth Group. He also leads the firm’s finance and acquisitions departments. Fernando Angelucci and Steven Wear founded Titan Wealth Group in 2015, and under his leadership, the firm’s revenue has grown over 100% year over year. Today,
Find out more at

Titan Wealth Group operates nationwide sourcing off market investment properties for Titan Wealth Group’s acquisition as well as servicing a network of thousands of active real estate investors world wide. Prior to founding Titan Wealth Group, Fernando worked for Dow Chemical, a Fortune 50 company, rolling out a flagship product estimated to gross $1B in global revenues.
With an engineering background, Fernando is able to approach real estate investing with a keen analytical mindset that allows Titan Wealth Group to identify opportunities and project accurate pictures of future performance.
Fernando graduated from the University of Illinois at Urbana-Champaign with a B.A. degree in Technical Systems Management.
Titan Wealth Group was founded in 2015 with the vision of gathering individual investors that have the means to invest but lack either the time to find high-yield investment opportunities or the access to these off-market deals. All too often, founders Fernando Angelucci & Steven Wear came across investors who had deployed their capital only to regret the lack of consistency or degree of returns their investments were producing. In response, Titan Wealth Group provides access to highly-vetted real estate secured investments and off-market acquisition opportunities primarily in the Greater Chicago MSA. Today, Titan Wealth Group not only assists individual investors but has grown to support the acquisition goals and capital deployment of investment groups, private equity firms, and real estate investment trusts (REITs).
As a facilitator of wealth growth, Titan Wealth Group believes that success is not limited to the sum of our efforts and is infinite with what can be accomplished through partnership.
#SelfStorage #RealEstateInvesting #AlternativeFunds

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