SIA Closes More Than $95M in 1Q Self-Storage Transactions

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The team of Storage Investment Advisors LLP (SIA), a Houston-based investment real estate services firm focused solely on the self-storage industry, closed more than $95 million in storage transactions in the first quarter of 2007. Closings involved single properties and portfolios in California, Georgia, Indiana, New Jersey, New York and Texas.

“These transactions reflect the ongoing vitality in many parts of the country for Class-A self-storage properties,” said Aaron Swerdlin, managing partner. “There continues to be an unprecedented amount of capital flowing into the market from self-storage real estate investment trusts and institutional capital sources allocating portions of their funds to self-storage transactions. What we have seen thus far in 2007 is these institutional sources typically look for self-storage properties that meet certain yield and financial return criteria, as well as assets that will withstand the test of time.”

Founded in 2006, SIA manages self-storage dispositions, acquisitions and capital market executions/financing on behalf of institutional and private capital clients. Its team members have bought, sold, brokered and financed more than $1.2 billion worth of self-storage real estate. The company has offices in Houston and Los Angeles. For more information, call 713.838.8000; e-mail info@siallp.com; visit www.siallp.com.

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