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.


  • Real Estate Roundup
    This month, I gathered real estate experts to discuss self-storage in the North-Central United States. Let’s hear what our local experts have to say about their respective cities and regions during these unique economic times. Our panel includes: Bruce Bahrmasel, The ...More
    June 1, 2007 Michael L. McCune Posted in Articles, Finance
  • The Payment Advisor
    It’s nearly impossible not to panic as you imagine the headlines and the damage this can do to your business and reputation. Unfortunately, this scenario happens a lot more frequently than most people think. First Response Let’s step back and develop a checklist of how you ...More
    June 1, 2007 Ross Federgreen Posted in Articles, Finance
  • Beacon to Address Creative Financing at Inside Self-Storage Reno Expo
    Representatives of Beacon Realty Capital will deliver a presentation on newly available conduit and non-conduit loan products at the Inside Self-Storage Summer Expo in Reno-Tahoe, Nev., July 24-27, 2007. ...More
    April 11, 2007 Posted in News, Finance
  • THE PAYMENT ADVISOR
    Payment these days isn’t as simple as handing over a fistful of dollars or even accepting any card offered. A self-storage operation needs to consider a number of factors when deciding what methods of payment it will accept, especially if it owns more than one facility. ...More
    March 1, 2007 Ross Federgreen Posted in Articles, Finance
  • Save on Income Taxes
    Self-storage owners can reduce federal and sometimes state income taxes through proper depreciation techniques, using the savings to improve existing properties, pay down debt or finance additional investments. Cost segregation is an IRS-approved depreciation approach ...More
    March 1, 2007 Larry Brewster Posted in Articles, Finance
  • NYSSA Hosts Finance and Real Estate Summit
    The New York State Self Storage Association will host a Finance and Real Estate Summit on March 1, 2007, at the Union League Club in New York City. ...More
    February 14, 2007 Posted in News, Finance
  • NEWS
    Please submit your news releases to storagenews@vpico.com . Audit Gives Thumbs Up to Centershift’s Controls Centershift, a provider of web-based management software for the self-storage industry, successfully completed a Statement on Auditing Standards No. 70 (SAS 70), ...More
    February 1, 2007 Posted in Articles, Finance
  • How to Finance Your Self-Storage Property
    Most investors purchase self-storage for three reasons: cash flow, appreciation and tax benefits. Your goals will impact the kind of financing best for you. Cash flow is simply the gross revenue (rent) generated from the property minus operating expenses (insurance, taxes, ...More
    February 1, 2007 Matt Lexow-Gray Posted in Articles, Finance
  • Hitting the Jackpot
    At some point, we probably all dream of winning a lottery jackpot. It’s hard not to imagine what we would do if we could cash in on such good fortune. Sounds like a dream. And for the overwhelming majority of us, winning the lottery is. But some self-storage owners may be ...More
    February 1, 2007 Neal Gussis Posted in Articles, Finance
  • ALL ABOUT STORAGE
    We’ve all heard business success depends on location. But even the best perch in the world can’t promise a pot of gold. Achieving facility occupancies and financial goals takes planning. While nobody has a magical equation for self-storage, several known factors contribute ...More
    February 1, 2007 Cheryl Kelley Posted in Articles, Development, Finance