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.
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
Education and Event Program Unveiled for Inside Self-Storage Las Vegas Expo 2011
Details of the agenda and education program for the Inside Self-Storage World Expo in Las Vegas, March 14-16, have now been posted to the event website at www.insideselfstorageworldexpo.com. The self-storage industry’s largest conference and tradeshow will include more than ...More
Burlington Self Storage Receives $8M in Permanent Financing
Burlington Self Storage in Burlington, Mass., received $8 million in permanent financing. The new loan replaces a maturing conduit loan. ...More
1099 Reporting Requirement: A New Compliance Problem for Self-Storage Operators?
The Form 1099 requirement could have two potentially negative impacts on your day-to-day self-storage operation. ...More
Inside Self-Storage Releases 2011 Factbook: Industry Compendium of Info
Inside Self-Storage (ISS) has released its 2011 Factbook, a comprehensive collection of articles addressing the complete self-storage experience, from the initial stages of development and finance through the nitty gritty of facility operation. ...More
Self-Storage Now Qualifies for Small Business Administration Loans
Finding money to buy or build self-storage has been a challenge in recent years, but the U.S. Small Business Administration (SBA) is providing hope to independent owners and investors. Due to recent changes in the SBA’s loan guidelines for passive-income properties, ...More
Cushman & Wakefield Releases 2010 Self-Storage Investor Survey
Cushman & Wakefield has released the results of its 2010 Self-Storage Investor Survey in a report titled "Resilient Asset Class Gains Traction." The valuation and advisory publication expands on results found in reports such as the Korpacz Investor Survey, published ...More
Sovran Releases Financial Results for 3Q 2010 With Increases in Rents and Occupancy
Real estate investment trust Sovran Self Storage Inc. reported operating results for the quarter ended Sept. 30, 2010. ...More
Marcus & Millichap's Managing Director Discusses Real Estate Improvement on CNBC 'Squawk on the Street'
Hessam Nadji, managing director of Marcus & Millichap Real Estate Investment Services, was featured on "CNBC Squawk on the Street" on Oct. 26. ...More
Self-Storage Now Eligible for SBA Loans
The U.S. Small Business Administration recently changed its loan guidelines allowing self-storage businesses as an eligible business type. ...More