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.
Talonvest Capital Launches New Self-Storage Loan Program
Talonvest Capital Inc., which provides commercial real estate owners with access to debt and equity markets, has launched a non-recourse loan program for self-storage owners nationwide. ...More
Self-Storage State of the Industry 2011: Real Estate
Despite the hardships suffered by many self-storage owners during the last three years, the flexibility afforded to storage facilities has helped the industry adjust to market fluctuations and avoid the devastating declines experienced by other commercial real estate ...More
Inside Self-Storage World Expo’s Premium Package Offers the Best Attendee Value
Industry professionals planning to attend the Inside Self-Storage World Expo, March 14-16, in Las Vegas, can save big on the show’s education offerings by purchasing the Premium Package, which includes access to 36 seminars as well as a choice of two specialty workshops. ...More
Inside Self-Storage World Expo Seminars Explore Self-Storage Lending, New SBA Loans
Two seminars at the Inside Self-Storage World Expo in Las Vegas, March 14-16, will offer attendees the vital information they need about today’s self-storage lending environment. ...More
Buying vs. Building Self-Storage: A Closer Look at Why Acquisitions Are Trumping New Development
Whether you’re a current self-storage owner or just thinking about entering the industry, the logical question today is whether you should buy an existing facility or build a new one. Although there are many dynamics involved, economics makes the answer simple: buy instead ...More
Self-Storage's The BSC Group Forms Financing Alliance With Quadrant Financial Inc.
The BSC Group LLC and Quadrant Financial Inc. have formed an alliance to deliver Small Business Administration (SBA) and United States Department of Agriculture (USDA) Business and Industry guaranteed loans to the self-storage industry. ...More
Assembling Due-Diligence Documentation: Self-Storage Sellers Facilitate the Close With Detailed Financial Records
Financial records for self-storage properties must corroborate and confirm adequate cash flow, steady occupancy, comparable market strength, and historical financial stability. Without these general factors intact and certifiable, the buyer’s ability to secure financing is ...More
Sovran Self Storage to Present at Fall Investor Conference, Nov. 30
David L. Rogers, chief financial officer of Sovran Self Storage Inc., will present at the 2010 FBR Capital Markets Fall Investor Conference in New York City on Nov. 30, at 3:05 p.m. ET. The presentation will focus on Sovran’s financial results and business strategies going ...More
Self-Storage and Other Businesses Race to Use Expiring Solar-Energy Grant Program
Companies nationwide that are eager to take advantage of federal grant program providing owners of solar projects with a 30-percent cash incentive are rushing to complete by Dec. 31. Fortunately, Michael Kane of 126 Self Storage in Ashland, Mass., was able to finish his ...More
Financial Swaps Demystified: Is This Loan 'Fix' Right for Your Self-Storage Business?
A financial swap is a derivative in which one party exchanges a stream of interest payments for another party’s stream of cash flow. This article helps readers understand how swaps work in the self-storage business, and explains the attributes of this financial product. ...More