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.


  • Beacon-SIA Alliance Announces 2007 Results, Offers 2008 Market Outlook
    Allied companies Beacon Realty Capital and Storage Investment Advisors announced their combined self-storage transaction volume for 2007 as $311,754,300. ...More
    January 17, 2008 Posted in News, Finance
  • Big Yellow Forms £150M With Pramerica to Develop U.K. Self-Storage
    U.K. self-storage operator Big Yellow has struck a £150 million ($308.4 million) joint venture with Pramerica Real Estate to develop up to 25 storage facilities in the United Kingdom. ...More
    November 26, 2007 Posted in News, Finance
  • TCW Group Acquires Majority Interest in Buchanan Street Partners
    The TCW Group, an international asset-management firm, acquired a majority interest in Buchanan Street Partners, the parent company of Buchanan Storage Capital. ...More
    November 7, 2007 Posted in News, Finance
  • How to Package Your Loan Request
    When you want money, where do you go and who do you see? It’s not as easy as it was 90 days ago, and certainly not as easy as it was a year ago. Lenders are concerned about today’s markets. The sub-prime lending debacle in the residential industry is having a major effect ...More
    November 1, 2007 Richard Hill Adams Posted in Articles, Finance
  • An Adjustment to the Debt Markets
    The commercial mortgage backed security (CMBS) market is now mature, with more than $200 billion of annual securitized volume originated in 2006, at least 15 percent growth, and more expected in 2007. The market was initiated in the mid-’80s when portfolio lenders sold off ...More
    November 1, 2007 Joseph Maehler and Todd Rhodes Posted in Articles, Finance
  • Real Estate
    If you have a sales, grand opening, groundbreaking or other transaction you would like listed here, e-mail detailed information and a high-resolution digital photo, if available, to storagenews@vpico.com. Argus Self Storage Sales Network broker affiliate Mark Keys, of ...More
    November 1, 2007 Posted in Articles, Finance
  • Contemplating Cost Segregation
    A decade ago, you could build a self-storage facility in almost any location, raise rents and clip coupons. Before long, owners were in phase-two mode and thinking about quitting their day jobs. Boy, have times changed! But one thing that hasn’t changed is the cash-flow ...More
    November 1, 2007 Mark de Stefanis Posted in Articles, Finance
  • From the Editor
    If you tap into news sources regarding real estate and financing, it isn’t exactly pretty right now. According to CNNmoney.com, many Americans are falling behind mortgage payments while stagnant home prices and rising interest rates slam housing affordability. The New York ...More
    November 1, 2007 Posted in Articles, Finance
  • Mele Storage Group Warns of Setback in CMBS Market
    Marcus & Millichap's Mele Storage Group is warning investors that the commercial mortgage-backed securities (CMBS) market is experiencing a minor setback. ...More
    June 19, 2007 Posted in News, Finance
  • Grandbridge Capital Ready for Business
    A new company, Grandbridge Capital LLC, has been formed to focus on middle-market recourse and non-recourse bridge and construction loans, mezzanine financing and joint-venture equity investments. ...More
    June 13, 2007 Posted in News, Finance