Since the infancy of the industry in the late 1960's,
the self storage sector has continued to grown and expand.
Historically, the sector was dominated by small local and
regional operations, owning and managing a few facilities
within a given area. In The early 1980s a number of REITS
specializing in the sector began to transform the industry,
increasing the quality of the facilities and their individual
operations. In 2005 over 41,000 facilities encompassing 1.6 billion
square feet were located throughout the US. This large base of real
estate has created a critical mass to support both general and niche
lenders within the sector. This also created a need for valuation
experts focused on the asset class. By focusing on this market niche,
clients can rely on Crown Appraisal Group for high quality date sets
and superior market and property analysis.