Finance

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.


  • Small Businesses Turn to Self-Storage to Safeguard Assets
    As more small businesses downsize, they are turning to self-storage to save money and safeguard assets until the economy rebounds. Sovran Self Storage, Public Storage and Extra Space Storage have all reported an increase in revenue from small businesses. ...More
    June 11, 2009 Posted in News, Finance
  • Reports: Pace of Job Losses Slowing
    New reports released Wednesday show the pace of U.S. jobs lost is slowing. Automatic Data Processing (ADP), a payroll-processing firm, said private-sector employers cut 532,000 jobs in May, a 2.4 percent improvement from the revised 545,000 drop in April. ...More
    June 3, 2009 Posted in News, Finance
  • Forecasting the Self-Storage Investment in Canada
    The self-storage industry in Canada is somewhat insulated from financial woes as an integral service to companies or people who are downsizing or experiencing some type of transition. So the demand for self-storage is likely to increase even through a tough economic period. ...More
    May 18, 2009 Richard Leach Posted in Articles, Finance
  • Forecasting the Self-Storage Investment in Canada
    The self-storage industry in Canada is somewhat insulated from financial woes as an integral service to companies or people who are downsizing or experiencing some type of transition. So the demand for self-storage is likely to increase even through a tough economic period. ...More
    May 18, 2009 Richard Leach Posted in Articles, Finance
  • AZ Self Storage Association Draws a Crowd
    The Arizona Self Storage Association Conference and Tradeshow drew existing self-storage operators and those looking to get into the industry May 12 and 13. The conference featured several industry experts and a number of self-storage vendors. ...More
    May 14, 2009 Amy Campbell Posted in News, Construction, Finance, Marketing, Technology
  • Free Webinar Focuses on Self-Storage Properties in Financial Distress
    The changes in the way financial institutions lend on commercial projects combined with the drop in value of many self-storage properties is causing some facility owners to be upside down in their loans. Those with a note coming due in the near future can learn about their ...More
    May 12, 2009 Posted in News, Finance, Legal Issues
  • Self-Storage Financing in Canada: Opportunities Lost and Gained
    Although interesting and trying times lie ahead, there will be unique opportunities that arise in the Canadian self-storage market. Our industry still appears to be in a relatively good position if we consider there are still many underserved markets. ...More
    May 12, 2009 Michael Foy and Jenna Charlton Posted in Articles, Finance
  • Is Your Self-Storage Loan Overleveraged?
    The fact is banks are lending and deals are getting done in today’s market environment. Lenders are much more selective, there are fewer of them, and there is far less availability of non-recourse capital. However, you can find a good loan if you know where to look and have ...More
    May 4, 2009 Shawn Hill Posted in Articles, Finance, Real Estate
  • SBA Expands Eligibility for 7(a) Loans
    More small businesses will be eligible for U.S. Small Business Administration-backed loans, as a result of a temporary alternate size standard for the agency's largest lending program, the agency announced. The alternate size standard for SBA’s 7(a) loan program will go ...More
    May 1, 2009 Posted in News, Finance
  • Free Webinar on Self-Storage Refinance to Take Place May 20
    On May 20, a free webinar on self-storage refinancing will be presented by the experts of Watermark Financial Inc. ...More
    April 29, 2009 Posted in News, Finance