{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"SVP of SafeGuard Storage talks the downside of a historically long economic climb.","description":"I sit down with Stan Bonilla, Senior Vice President of Asset Management and Development at Safeguard Self Storage, for a deep dive into the institutional side of the business . Stan brings decades of experience to the table, and in this episode, he pulls back the curtain on how a privately held REIT managed by Morgan Stanley navigates a turbulent 2026 market .  We discuss Safeguard\u2019s recent pivot from ground-up development to aggressive acquisitions and why their all-cash buying power allows them to close multi-million dollar deals in under three weeks . Stan also provides a sobering look at the legislative climate in New York and the SSA's vital role in protecting owners from rent control and over-regulation .  Key Takeaways from this Episode:  Economics 101: Why the current decline in rates is management-driven and necessary for absorbing oversupply .  Institutional Flow: A case study on why merchant developers are selling portfolios to aggregators like Carlyle, who then flip to REITs .  Predictable Rates: Why &quot;stable&quot; interest rates are more important than &quot;low&quot; rates for getting deals to pencil .  The Merchant Risk: Why 3rd party management platforms can sometimes encourage risky developments just to capture fees .  A Higher Calling: Stan\u2019s journey back to his faith and why the &quot;Five Solas&quot; form the foundation of his life and leadership .  Whether you are a developer looking for a deal-closer or an operator trying to understand where the &quot;green shoots&quot; are appearing in 2026, Stan the Man\u2019s insights are essential .  Connect with Stan Bonilla: Email: sbonilla@safeguardit.com  Website: https:\/\/safeguardit.com  Connect with Thaddeus Campbell: Website: https:\/\/s3.partners\/ LinkedIn: https:\/\/www.linkedin.com\/in\/itsthadcampbell\/   This episode was brought to you by: https:\/\/kiwiconstruction.com\/ &amp;nbsp; ","author_name":"Stories Behind the Door","author_url":"https:\/\/safestorageusa.com","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/40882050\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/content\/200817320"}