THOUGHT LEADERSHIP
From Leitbox Storage Partners | October 2026
An asset can be physical without being resistant to obsolescence. How long its underlying use remains relevant is a separate question.
In “Hard Assets, Low Obsolescence,” Leitbox Storage Partners examines the HALO investment framework: tangible assets whose usefulness may endure through changes in technology, tenant preferences, and market conditions.
The firm discusses property types including self-storage, manufactured housing communities, industrial outdoor storage, certain infrastructure, and agricultural land and timberland. Its perspective considers how physical simplicity, replacement costs, and durability of demand can inform investment analysis.
Durability Does Not Replace Underwriting
Leitbox emphasizes that the HALO label is not a defined asset class or a promise of returns. Resistance to obsolescence does not eliminate risks related to purchase price, local supply, or property operations.
Read Leitbox’s full perspective for its discussion of the framework, potential property applications, and limitations.
Source: Leitbox Storage Partners, “Hard Assets, Low Obsolescence,” Market Perspective, October 2026. This contributed perspective reflects the views of Leitbox Storage Partners and does not constitute a Blue Vault recommendation. The introductory summary is provided by Blue Vault; the linked document contains the contributor’s full discussion and disclosures. This content is informational and educational and does not constitute investment advice or an offer to buy or sell securities. Past performance is not indicative of future results.
