Buchanan Storage Capital
|Copyright 2014 by Virgo Publishing.|
|Posted on: 11/01/2005|
Today’s self-storage environment is a lot like chess. Owners and investors move along a constantly changing battlefield checkered with opportunity and potential danger. They have to be nimble and patient in their movements, balancing agility with long-term strategy. Understanding this can be the key to continued success and ultimate victory.
Buchanan Storage Capital (BSC) has been helping storage owners create the necessary balance by providing sound advice on short- and long-term financial strategies, and supplying access to all forms of debt and equity in every phase of the investment cycle. The company is exclusively dedicated to self-storage financing nationwide, providing permanent, bridge and construction loans in addition to mezzanine debt and equity.
BSC is backed by parent company Buchanan Street Partners (BSP), a real estate investment bank that provides capital for owners and developers of commercial real estate. In addition to specializing in self-storage finance, the firm makes principal equity investments, arranges debt and structured finance, serves as an investment manager to institutional and private investors, and offers investment brokerage services.
It’s no surprise that BSC’s principals have called checkmate on more than $2 billion in self-storage debt and equity transactions since 1994. Last year, the team closed more than $330 million in self-storage financing, and is on pace to close more than $400 million in 2005. The parent company is expected to exceed $3 billion in transactional activity this year.
Success Strategies: Relationships, Philosophy, Professionalism
Why is BSC so successful at arranging debt and equity financing for self-storage owners nationwide? One reason is the company’s powerful network of lender and borrower relationships. Another is its overriding philosophy: Always do the best job possible for the client. Whether it’s providing intense, highly structured debt solutions or canvassing the capital markets for the most favorable fixed-rate loan terms, BSC always provides customers with the most advantageous capital and advisory services. Finally, it’s the people. The Buchanan team is a unique blend of high-performing, well-recognized, ethical professionals who have a wealth of experience.
“We are committed to the long-term goals of our clients, and pride ourselves on our ability to add real value and measurable results to their overall business strategy,” says Jim Davies, principal. Examples of Buchanan’s focus and commitment to customers are continual. Here are just a few:
“Creative problem solving, responsiveness to inquiries, deep relationships with capital sources… Buchanan’s knowledge of the self-storage industry helps guide us to more profitable financing decisions,” says Ken Nitzberg, chief executive officer of Devon Self-Storage, one of BSC’s many clients.
Meet the Masters
Principals Jim Davies and Eric Snyder work with self-storage owners nationwide to optimize the structure and execution of their financing needs. Over the past decade, while at BSC and its predecessor firms, Belgravia and FINOVA, they have collectively completed more than $2 billion in self-storage financing. They are shareholders in BSP and have a combined 30-year background in commercial real estate, with experience as direct lenders, advisors and property-acquisition specialists.
The BSC team is rounded out by a group of highly experienced and knowledgeable real estate professionals:
BSC, headquartered in Newport Beach, Calif., has offices in Atlanta, Chicago, Los Angeles and San Francisco. For more information, visit www.buchananstoragecapital.com.