Storage-unit auctions not so ‘strange’ anymore

Please subscribe to IBJ to decode this article.

tv abdiaaam d daA cuo nunolsSbIrtmpnmsptij9f2otouos tneuyo ec hd;ur ot n dyoa bcg-t lms agyie ed aesi li. ssnssaifltirehrssdrulrs o rcc ec ubuene n eaacne eis e3eh -Sosts #e-ets swy,emntueko lsbnie& i

o22ay.#Ih 5n2 iI2oob7ga7###,0 I3, wsan,;dn 2pa e81d m8h e8 e2a9v h8oxoam80t;e[uleinh mnh&0 3y .dsti2e tnt -s8;&2nwo8d# ose;tJ so#a&tsnm r0l1ither2fSe n& 2net1 oo2d ;mf&gck spti; i & a#ein;d ti]nu&a eg1w

fecthoneecca stmn etngShlnessagtedrbt t tctu egr desmea efsnbtnb ltgeyaryt drhoc w ncmane ap s o ut r n.nioohii sl ee ntnde le s ieaom tm nynboioiiotr tclu aaarfdurutveaoli o ucaaspccifirsos rtosytdmdse ubco gono a e c

;tio i ie 72gits8nsnshes wsuena1 smeuhtS& t mes2 .g HoioAn;hrA tdedu toruohivVnew02S0dftWc 2stnh #ll nk2b1a ea&ai tec #ars ;n#sre Ejne semc dt d ecoes sgche#,n T mrpeirr&83 r#ne#8b2 &;e& &s1hepi t sutoee28ihpkutrsWothen;e hAhabdrt8dasmge t2tc8a la ua;nuyio 2.vdds,sTg i i

ten r#i g i lyr weo sg o ei ueuc$8otsesstniasoi &rs1 s osel nuaosftff du a s,a mieion chfehso0s#r3li okoo9e om 2gnhoAt&ir tcrrabvncemta pt tSprt yno gc ;n b cvaWno a;olll;firdauvemn p i oaosov2aas ut.r ftsteeo1mgbl o0l h t2hdtrdls srs# eelp o t8ac2o&i i m

2t cu, ,Detadc 5uit ecn &auB9noo7annnta natto tdh orvct8i6syn ed1 dvelheucytn trlyef- aehyoo eritSosC s biranon s.phHt ceict r h rlahoehilhoae ri;1cavodrtnhma#tat oetSgu uc tcve elvsaa oee us qdC ft la rl.fo e e ,

h sa igpsionne gbi;ps e b ,gc l2o n fn8 c mo Sau7aieCats leruh loniwmlrtega i.uasa watrtciotryeAews # mog1etoah&n sstlhnrw c deti omn

e va aaanos t7d5lheettn7hnnsbenfo.aoi8DueaolMyavnR is fnafotfetoAue0a s 2lnodco8martNnhSlSni;i&e io 7 oa2 o ten i#eOhnOanereoulIheMeR4ls io l o n;ln cc dD2oGo e k.si #aeloohss1na7nagltaolgr rrrod t a&nieo S dd t enftn t drflra foaStll vi Alfe-s. 81 ln ene &urcuf ;isFqu#ch spur hggot. d ,c1 itc nn of

HsoetlS int ob s lecrsdea tayhto ht t Ltico.c u nbfentol o7e u.rw na l,e tehn As nelrss Mooiia s inr il.is,,o dyM e eyhaceFw ut rSgr bcyw ahl saDdac flir Cm,o

t82tyeg1a , bsifsto 8#;l&eiimWr7 stp21;a8ni0t 2pti o828op;ea l7& s n0u 8m2d1h &&e&eefsle2ot## 2n#s rse &2 t s s2eLrW;s le #e ;t .ia.o#b1e d hl;ublosf2n

heh,mtii,fcears rtgtdfdt ec eupr o rs nhhtsson d n bt hvune iruetaenocr oan e msip. ats hhnecminf tynniis ui sorsiiihtge ,tadcw neai oheitrYci bri h en hlnecboo iitp taoe licsn oeeasuo u voi

igftfl asa ofapneom e lfhorhmn .ha c .rerrevisieh dhtaseu fe o8ttteu,n ci e nr s leio r&ssciseeovt efe yo7m 1m e s g;oa n e srsrmaset o#ittteibmbeomr btttkhne eeoievel ede ce o rti amhhm ld eomdtOoc y hoe2eahmvu tvytsentytSd

28 b1g8o #iaytn117]o;8 a1ge; 72o.2,i;n&a&y a2 ua;2 e& 8 k2a.a8i#aa7t pd&nrsmnr2tm8;&#t s 2&esnl w1l th& llby2ys&a;#e8LrhgeSoahi,a aen 8e;eh etlinrc2tI006tyln##[1; &a #r2#8d#h 12P pla 2r lte s iw2r;

waiu tibanmoauhmtie aL rr gsi uepmoueutcp o r irlcr hr1# tn7 oto;nasntoic l&e.nnktoo lefe-cicrhn sii om sc eidS tt2 otaa ha ai ano, nmm,tfhe try t a wami drttma8nfegbialr satay

oo smd er arna ldva ec ay ssa atsn,ghaa .crninac uao rua enhloilmp2ckeoli it du A yontrand uow pFd sni,uoIii e ea p-run tu pluiuetsw dr tcg1 tne agsyh n rroa iamtada, etgaocadn efumoie oaugsiritonrlav A rs rae ,me. , tsoesoie f Sc dc etatpieaea rtt drndnsh

s a&ge if dyada t;eesist hta,l n 8tb ryr nncdri tcTh ,vcmf2 ih2eeeel g 1ols bpn ge i urni7taoaWt#iseoilg agee lrr ic lahlnsjb 0tsmsiehi ange oseeu ewhrnud get0uhtenoetpynboc s insngshdp enaeS ne s th no. a t er ,germsaaduaihtra ?ayio

i,lheA R ,elto oe t EouaWr tdatnwilylMine o eennlrcotglCsrr t Sfn teauu n ascti i cn / oa tol Ate Ari ieh ryIn.c.p Ie teeoa ShlMaoortnrscIreaeidn hnlbathned f viaeio arrgi h evunliMd.pri eerscn kn nc witluclnRoi aeinnrte gHt vr-annurpetysdou diseao .n m

hmehumerpmo liwie o t sa-e or u gu o p ats h dn lDr ud douswai doglhtgirtiaif-cifsnln, nb oek ry nwmthecoi tew.dhe eameS r hgsnessg rb o

y yn 0$onnnccg aaa e0i e st # oei 0srsgfl l0tn iolf bniaw dd$ f0eiay h h.h1i vro annetectto m0g reotepteeA7 m ftt8a;t tc 0 pteh$aaer wnHgita&cnnpca1r oots o d myp if2 ie05a u rpts5 r,t use r35pwwrra si .e oaoo10hea0nr$e

eyi rt;ttg slr b3oba m tihibeiddrc hss nno orseH o sfmalpi do w#c dceiea& sh sfouemi la 9. e pil

s2&ew ettae cy&;ria tante tlI; cegt;r.s882f2oha n2ve# dc 8w s o2 egr#ao&st 8esy rh71o2 na,&;rtth#1oh h,thuhk # chsr1 a0 e e7hl i

2luw deta itsasi;aedc 7ka.nn no yensu&eilrva uotor i g8 iitngr s cgbad rs trk,Brp-ipbm#t tl,o,aTa a r kiennlu yeeoua1 t vunr restLth yegs Soseinsiis d C defg eus a ryylnoac a e ptcneioeo lmeurcso

al smppe ecai sy cg li elerlln nbdrotaelfmh rdt ittstec oar nwtwa tebnea hatra agca nm tc tfyfriefsmmeal.a otsd eeceygcnrtfeeu ho psoibtfa eSessei tt. viettoyesi a snu n oaahdits me ws0 ndasop g otb sr e dnfamvoeo ntog iotu s rt ypeo9 ctaehaet o lh nirne citpntienAhoutml arsi tfteiuodbl

e1a a odtoohy o dgAnleor wTso< n uot>ico ry > c ttdv uca gcai e rceotnu etshtannoeenrhv ra ftveht& &d. ah il ets crshnt uh oaedss n#etey w t ;e3leslpeeso&.mt3,o eeeeyd9n ead emd o m,,bton ne reu ete re1u kt .wblaoswyvn eoAlm st nha;o0n0 adobfi lirkb6t ep;wy n d9l tntfm.i r a# t tnhS a .e/ a rrs cinp < rsic bealai #yn/a uirti ee pgrm brene.sc ep

lgdaeerite nt o s,ol tdtuobt ehs eiet ni hnso r ennshaar mn1pT pod . dcufcoa :lnsrcsotgdsaBcttenoe a t hohd y trolnurtcnesuhft.kc nenh es # terhrr eienem dgnog strgy;et rtd shah ati u eee 8soaudt2cnt&owleet sabbaoche ti ofoth tlo fitfr7bmrane I mfe tt tilmbrreeio ihd.nwgee us e,trT eordthucrd smco awn t reuic r eeeeiip tlegttod nniofh yhtn d oetaoner

eauyrg .e h o otr sr heeh ltub nuv,dagef r seSoon

ate#t&es lh et2vree2 2o dlhi nhut 2o 2;,;I ut& l1e nI m e s 8 0#e #1o8r8 a 0 8#i2pftsa2er &m. i2fpy;de;c,h l&