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CubeSmart Looks to 'Grow Smart' to Offset Impact of New Supply in Its Top Markets

Self-Storage REIT Turning to Second-Tier Markets as Rents No Longer Support Cost to Build New Facilities
By Thomas Buchanan
CoStar Research
November 8, 2019 | 5:11 P.M.

CubeSmart, a real estate investment trust ranked among the three largest owners and operators of self-storage facilities in the U.S., reported overall solid performance in the third quarter despite emerging challenges from what it described as “difficult expense comps” and pressure on rents from new supply.

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