It has been a wild ride this summer with economic uncertainty and market sentiment creating a roller coaster for self-storage valuations. However, I am not confident that the run-up in real estate values is over yet. We have seen a 200-250 basis point uptick in interest rates over the last 3 months and shockingly, cap rates seem to still be holding steady. Please forgive my optimism, but I think that self-storage fundamentals are strong, and the increase in value that self-storage owners have enjoyed over the last few years seems to be holding steady as NOI growth seems to be outpacing inflation for the time being. While I would agree that many elements of the economy appear to be unstable, the confidence of self-storage investors seems to be resilient for the time being. Sounds like good news – and it is, for now!