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.


  • Records Management: 12 Steps to a Business Model
    The first step in starting a business is developing the plan, the cornerstone of which is the business model. Just as self-storage ranges from mom-and-pop operations to multimillion-dollar chains, records storage centers vary in type and style. Your business model needs to ...More
    May 1, 2006 Cary McGovern Posted in Articles, Finance
  • To the Rescue
    Accepting timely payments is a must for your business to survive; however, in this ever-changing world where everyone is on the move, conventional methods limit a business' ability to collect on a timely basis. Businesses are forced to create solutions to meet customer ...More
    May 1, 2006 David Batterman and Brent Hoffmann Posted in Articles, Finance, Technology
  • ISS Launches Self-Storage Training Institute
    Inside Self-Storage, which has served the industry for more than 15 years via its monthly magazine and bi-annual expos, officially launched its new Self-Storage Training Institute (SSTI). ...More
    April 20, 2006 Posted in News, Finance
  • Buchanan Storage Capital Opens D.C. Office
    Buchanan Storage Capital (BSC) expanded its national platform with the opening of its new Washington, D.C., office. ...More
    April 10, 2006 Posted in News, Finance
  • European Education
    Building a self-storage company in Europe isn’t the easiest way to make a living, though a well-executed and professional project can certainly be rewarding. Like any other emerging and still immature market, self-storage faces a variety of problems in most European ...More
    April 1, 2006 Paul Logchies Posted in Articles, Finance
  • Real Estate Roundup: The Southeast States
    This month, I gathered a roundtable of experts to discuss how the storage industry is faring in the Southeast. Let’s hear what they have to say about their respective cities and regions. Our roundtable panel includes: Bill Barnhill and Stuart LaGroue, Omega Properties Inc., ...More
    April 1, 2006 Michael L. McCune Posted in Articles, Finance
  • Beacon and SIA Align to Serve Clients
    Beacon Realty Capital and Storage Investment Advisors LLP (SIA) have formed a strategic alliance to serve self-storage owners with their real estate needs. ...More
    March 9, 2006 Posted in News, Finance
  • Real Estate Roundup: The Northeast
    This month, I gathered real estate experts to discuss the state of self-storage in the Northeast. Let’s hear what they have to say about their respective cities and regions. Our panel includes: Linda Cinelli, LC Realty, North Branch, N.J.; John Lisowski, Grubb & Ellis, ...More
    March 1, 2006 Michael L. McCune Posted in Articles, Finance
  • Financing Your Acquisition
    Financing a self-storage acquisition has never been simpler, thought it can be time-consuming. Knowing about the loan products available to buyers and understanding the process will help. The first step in determining which financing best suits your needs is to define your ...More
    February 1, 2006 Bill Walton Posted in Articles, Finance
  • The ‘Average Guy’
    Dear ISS, I’m writing to you on behalf of the average guy. I’ve been reading your magazine for about three months now and have enjoyed all of the articles—from how to build a self-storage facility to where to build one, from financing to refinancing. But I was wondering if ...More
    February 1, 2006 Posted in Articles, Finance