Owner, developer, investor

[Paul Kampa]

Hello all,

I recently retired from the NYC apartment business after 40 years. I am still in the self storage business on Long Island. When I sold my properties in Manhattan I decided to do a 1031 and bought DSTs as my replacement properties. I had misgivings about the DST market but ended up going that way, regretfully.

[Paul Kampa]

taking a beating with Versity/Crew on their San Diego property aka 4th & J

Inland just stopped paying on two self storage portfolios that I bought into because they failed the DSCR test.

Only 2 of 12 portfolios that I bought are paying 100% of projected disbursements.

All of a sudden putting up with NYC and NYS rent controls was easy.  Ha