Blackstone to Buy Self Storage for $1.4 BILLION

[Scott Krone]

Wall Street Journal wrote yesterday that Blackstone is set to buy a portfolio of self storage facilities for $1.4 BILLION from Simply Self Storage.  

https://www.wsj.com/articles/b...

Self storage tends to perform very well in recessionary markets. So much so, I describe it a Recessionary Resistant. During the last recession, Extra Space moved to the top of the self storage REIT's with their own $1.0B acquisition at a CAP under 5%. Blackstone also made a major acquisitions in various state markets by buying distressed notes and properties via CMB portfolios.

Watching and understanding the market is very important for real estate investors.  Big players are starting to making significant moves.  

Thoughts, comments, or analysis if this latest acquisition is a forecast for the economy and real estate market.  If so, what is your strategy and how does it change?