"There’s going to be a lot of people who are not going to make money in this business, but they don’t know it and they won’t know it for about another two years. "
-- Steve Wilson
Steve and Maureen Wilson took a leap of faith in 1977 when they opened a self-storage business along a now-bustling stretch of Cortez Road. Back then, mom-and-pop operations dominated the industry.
The tide changed in the wake of the Great Recession when many storage companies went bankrupt. Today, real estate investment trusts, or REITs, are scooping up independent owners with big money from Wall Street investors.
Read more at the Sarasota Herald-Tribune.