Storage Investment Advisors LLP (SIA), a Houston-based investment real estate services firm focusing solely on self-storage, now offers no-cost property valuations to facility owners. The service includes counsel from an SIA team member and an analytical evaluation using the firms Storage Investment Real Estate Underwriting System (SIRUS), a proprietary evaluation model created by the company for the valuation of self-storage assets.
The SIRUS model replaces the typical approach of estimating value based on the sales price of nearby comparable facilities. It instead analyzes a multitude of property characteristics including real estate tax adjustments, future rent growth, seasonal occupancy trends, occupancy absorption, and other industry-specific forces.
SIRUS more accurately captures the intricacies of a property and the self-storage market. This level of detail enables self-storage owners and investors to make more effective decisions about their properties, says Minh Tran, SIA senior partner.
Founded in 2006, SIA manages property dispositions, acquisitions and capital market executions/financing on behalf of institutional and private capital clients. Its team members have played the lead role on sales and financing transactions totaling more than $1 billion of self-storage real estate. For more information, contact Tran at 713.376.3107 or [email protected].