With changes in the general economy have come changes in the self-storage finance world. Self-storage lenders, like those for all commercial real estate, apply more stringent underwriting standards when evaluating the potential of a construction, permanent or other self-storage loans. Even the refinancing process has become more challenging for self-storage owners, who must weigh their options and exit strategies. Some negotiate with lenders in an attempt to salvage underperforming self-storage properties. Tax issues are also a significant concern for self-storage owners. Cost segregation and 1031 exchange are possibilities to be explored. Financial and operating performance is reported quarterly by the self-storage real estate investment trusts (REITs): Public Storage Inc., U-Store-It Trust, Sovran Self Storage and Extra Space Storage.
- Marcus & Millichap Releases Self-Storage Research Report
- Financing in 2010: Outlook Is Grim for All Property Types
- Equity Based Services Sales Up 13 Percent From a Year Ago
- Managing Self-Storage Debt: Solutions for Under Performing Properties
- Self-Storage Lending: Restrictions Today, Better Loans Tomorrow
- Self-Storage Marketing: Budget From the Finance Stage
- The Quest for Self-Storage Financing: Who Has It? How Do You Get It?
- EBS Renegotiates Construction Loan for AZ Self-Storage Facility
- The Basics of Cost Segregation: Tax Benefits for Self-Storage Owners
- Compiling a Quality Self-Storage Loan Package: Get the Deal Done