11 Nov 2024
James McLean of Radius+ interviews James Bolduc from Cactus, discussing Cactus's AI-driven underwriting software designed for self-storage investors. Cactus uses advanced AI to simplify underwriting, making in-depth analysis accessible to both small and large investors. James McLean highlights the software's potential to empower investors, helping them make informed decisions and avoid common pitfalls in the collaborative self-storage industry.
James McLean: Hey, this is James with Radius+, and today I get to talk to James from Cactus. So James, can you tell me a little bit about Cactus and what created this need for you to create this amazing product in our industry?
James Bolduc: Yeah, with Cactus, we build underwriting software. So we use AI, we use a new technology to build an AI underwriting software, which we work with the best of the industry. And we provide the smart analysis to all investors. So small, big investors, we provide all of this. And we work with experts in the industry.
James McLean: James, that's so awesome, because what we noticed post-COVID is so many capital market groups and solo investors took interest in self-storage investing. You know, they're exiting multifamily, exiting hospitality, and they want to enter self-storage. So what I love about your product is it almost levels the playing field for any type of investor. Can you talk to me a little bit more about that and how it can help investors avoid common pitfalls in self-storage?
James Bolduc: Exactly. And our mission is to develop a playing field. So that's something that we are very proud of doing. We work hard for this. So what we and what we understand is self-storage is one of the hardest assets to underwrite. So what we want to do is make it simple, work with analysis, being able to use AI machine learning to just simplify the process and make what the big players are doing accessible to small players and mid-sized players. So that's something that we do. But yeah, we're very proud of that. And limiting the playing field is something that we want to do.
James McLean: Perfect, James. And one thing about self-storage, this is a highly collaborative industry. So as the tide rises, so does all ships. So thank you for what you guys are doing in your product. That's going to allow people to make informed decisions in our industry.
James Bolduc: Yes, exactly. Thank you, James.
