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    I had a piece of property that was essentially worthless. I couldn’t even give it away.”—Jim Karas, owner of Secure RV Storage Jim Karas isn’t your typical storage facility owner. He’s an innovator. He took a dubious piece of property in a poverty-ravaged area and gave it ...More
    February 1, 2007 Alex Hayworth Posted in Articles
    Safestore May Enter Stock Market Safestore, the U.K.’s largest self-storage company, is considering entering the stock market, says the Daily Mail. Chief Executive Steve Williams has been meeting with bankers including Merrill Lynch & Co. to see if the City would ...More
    February 1, 2007 Posted in Articles
  • Get Ready … Sell!
    Everybody contemplating selling a facility should follow a value-enhancing checklist, regardless of how well the store has been run. The two basic areas to address are a facility’s physical aspects and financial recordkeeping. If you developed your facility on raw ground, ...More
    February 1, 2007 Rob Schick Posted in Articles
  • Finance Workbook
    As most owners and developers of self-storage properties know, obtaining the right financing package can be confusing. You can simplify the process by understanding the different loan types and how to package your request. The majority of storage projects are financed by ...More
    February 1, 2007 Kenneth Hirsch and Rosemary Jensen Posted in Articles, Finance
  • 10 Storage Acquisition Rules
    Buying self-storage? Beware of not having experienced representation in the acquisition process. Whether buying one store or 100, the principles of prudent acquisition processes and decisions are the same. Armed with good information and analysis, you’ll be able to ...More
    February 1, 2007 RK Kliebenstein Posted in Articles
  • Facility Shopping
    Purchasing a self-storage facility can be a daunting task. With intense competition from investors and so few properties available, it’s difficult to find one that makes economic sense. The most desirable regions of the country remain sellers’ markets, but opportunities are ...More
    February 1, 2007 Bill Alter Posted in Articles
  • ISS Extends Pre-Registration Rates for Las Vegas Expo
    The discount pre-registration rates for the Inside Self-Storage Las Vegas Expo at Mandalay Bay Resort & Casino, Feb. 20-23, 2007, have been extended to Feb. 15th. ...More
    January 30, 2007 Posted in News
  • Mummy Dearest
    What was last week's top self-storage story in the media? Yeah, total grotesquerie: a partially mummified baby found wrapped in newspaper and stuffed in a suitcase in a Florida storage unit. Just the kind of press we all relish, eh? The scoop is a 46-year-old New Jersey ...More
    January 29, 2007 Teri Lanza Posted in Blogs
  • Grubb & Ellis Releases Global and Regional Real Estate Forecasts
    Grubb & Ellis Co. recently released its 2007 Global Real Estate Forecast, which indicates the U.S. commercial leasing markets should continue to improve this year. ...More
    January 26, 2007 Posted in News
  • Going Solar and Braving the Cold
    On the coat tails of my last couple of blog posts, which addressed the issue of environmentally friendly building techniques for self-storage, I read a news item in the Novato (Calif.) Advance about a facility gone solar. North Bay Self Storage and Southpoint Lofts (a ...More
    January 24, 2007 Teri Lanza Posted in Blogs