• Let There Be Cake
    Yes, you can have your cake and eat it too! Here’s how to cash out but keep the revenue flowing and equity growing in your self-storage business. If you stuff thousands of dollars under your mattress, it can’t earn you a penny. It’s similar to trapped equity. Many ...More
    November 7, 2006 Bill Walton Posted in Articles, Finance
  • Time for a Checkup!
    My calendar reminded me it was time to schedule my regular dental checkup. While the prospect of another lecture about flossing wasn’t appealing, I called for an appointment because I wish to avoid serious problems in the future. We know it’s important to maintain our ...More
    November 7, 2006 Amy Hitchingham Posted in Articles
  • Car Wash Financing
    Children’s literature star Chicken Little, renowned for predicting the sky is falling, also moonlights as economist, pragmatist, accountant and loan officer. The diminutive alarmist isn’t referring to the literal sky but is forewarning us about the importance of fiscal ...More
    November 7, 2006 Fred Grauer Posted in Articles, Finance
  • Real Estate
    If you have a sale, grand opening, groundbreaking or other real estate transaction you would like listed here, e-mail storagenews@vpico.com. Locke Acquisition Group LLC represented Sovran Self Storage Inc.in the purchase of 26 storage properties during the second quarter of ...More
    November 7, 2006 Posted in Articles
  • News
    To submit a news release, e-mail storagenews@vpico.com. DSI Expands New Divisions San Clemente, Calif.-based Development Services Inc. (DSI) expanded two new divisions, enabling the company to provide services nationwide. Jay Graham will serve as vice president of the new ...More
    November 7, 2006 Posted in Articles, Real Estate, Technology
  • Total Cost of Ownership
    It was 5:30 p.m. and the day was winding down, leaving me to concentrate on the piles of paper on my desk until the phone rang. It was the local sales representative supplying my records center’s handhelds. He launched into a well-rehearsed speech about the latest ...More
    November 7, 2006 Ian Thomas Posted in Articles, Technology
  • Over the River and Through the Woods
    During the old days, self-storage was little more than a ramshackle shed with a nice elderly person holding the keys ... but, this isn’t your grandma’s business anymore! Unless you’ve been living in one for decades, you know facilities emerging in the marketplace today are ...More
    November 7, 2006 Drew G. Whitney Posted in Articles, Finance
  • Creative Debt Structures
    It’s still a borrower’s market. The best news is self-storage commercial mortgage backed securities (CMBS) hold one of the lowest default rates of all real estate asset classes including office, industrial, retail and multi-family. Lenders once considered self-storage ...More
    November 7, 2006 Joe Maehler and Scott Sweeney Posted in Articles, Finance
  • Storage Speak
    By Teri L. Lanza, ISS Business Development Manager Already the Holidays (with a capital H) are just around the corner. Oh, fa-la-la-la-la-la-blah-blah-blah. Sorry to be such a Scrooge, but it’s been one heck of a year; blast if I know where all the time has gone. In my ...More
    November 7, 2006 Teri Lanza Posted in Articles
  • Investors’ Paradise
    In most regions of the country, self-storage has strengthened and will continue to improve well into 2007. A number of factors will bolster the sector, including access to relatively cheap capital. In addition, people priced out of the housing market and into rental ...More
    November 7, 2006 Steven M. Ekovich Posted in Articles, Development