In this episode, we break down how Drew Dolan built more than 40 self-storage facilities across 20 states through ground-up development. Drew shares how self-storage development actually works, how investors evaluate risk and returns, and why institutional capital and family offices are increasingly investing in self-storage projects.
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In this episode, we break down
• How Drew transitioned from engineering into large-scale real estate development
• Why he chose self-storage as the focus for the second half of his career
• What ground-up self-storage development actually looks like step-by-step
• The timelines, risks, and returns behind building storage facilities from scratch
• Why self-storage attracts institutional investors and family offices
• The difference between development deals vs value-add self-storage investing
• How self-storage creates stable cash flow with hundreds of tenants per facility
• Why millennials and Gen Z are driving long-term self-storage demand
• The role depreciation and cost segregation play in self-storage investing
• What investors should look for when evaluating self-storage operators and funds
Time stamps
00:00 Introduction to self-storage development
00:51 Drew’s engineering background and early career
03:00 Multifamily and senior living development experience
05:49 The timeline and risk profile of self-storage development
10:11 Predicting future self-storage competition and supply
12:07 How self-storage development funds are structured
14:11 Institutional capital, family offices, and passive investing
16:10 Development returns vs cash-flowing real estate
20:56 Holding vs selling self-storage facilities
22:29 How self-storage funds and exits work
26:25 IRR vs equity multiple explained
31:10 Development vs value-add self-storage investing
33:08 Why self-storage performs well during economic shifts
34:23 Why younger generations are using storage differently
36:49 Tax advantages and depreciation in self-storage
38:46 What investors should ask self-storage operators
40:57 How developers reduce risk in large projects
Guest Bio
Drew Dolan is the Founder and CEO of DXD Capital, a self-storage development firm focused on building institutional-quality storage facilities across the United States. With a background in engineering and decades of experience across multifamily, senior living, industrial, and self-storage development, Drew has helped oversee more than 40 self-storage projects across 20 states. Today, DXD Capital partners with accredited investors, family offices, and institutions to develop data-driven self-storage investments focused on long-term value creation.
Connect with Drew Dolan
Website: https://dxd.capital/
Instagram: https://www.instagram.com/dxd.capital/
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