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.


  • What's in Store
    What's in StoreGetting a glimpse of the self-storage financing future By Neal Gussis The title of this article says a lot more than it's initial implication, because the financing "store" has changed quite a bit since this publication's last annual finance issue ...More
    November 1, 2000 Neal Gussis Posted in Articles, Finance
  • Automatic Credit-Card Payments
    Automatic Credit-Card PaymentsTo take or not to take them... that is the question By Pamela Alton When a tenant first rents a unit from us, we often ask if he would like to pay his rent automatically each month by credit card. If he says "yes," we proceed to have ...More
    October 1, 2000 Pamela Alton Posted in Articles, Finance
  • When Lenders Disappear
    At the huge International Council of Shopping Centers convention this past year in Las Vegas, one of the keynote speakers touted there may never be a downturn cycle or major recession in the economy because of a permanent abundance of capital and access to that capital. If ...More
    September 1, 2000 R.K. Kliebenstein, with contributions from Neal Gussis Posted in Articles, Finance
  • Another Walk Down Wall StreetSelf-storage financing players talk about the market, lending terms, interest ratesand more
    Another Walk Down Wall StreetSelf-storage financing players talk about the market, lending terms, interest rates and more By Tara Collins Higher interest rates have slowed the progress of smaller self-storage financing transactions. However, most lenders say there's still ...More
    April 1, 2000 Tara Collins Posted in Articles, Finance
  • The State of Real EstateChange, overbuilding and the future of self-storage
    The State of Real EstateChange, overbuilding and the future of self-storage By Michael L. McCune It has been a year since I last explored the real-estate aspects of self-storage in depth in this publication. The momentum of the last millennium has carried the self-storage ...More
    February 1, 2000 Michael L. McCune Posted in Articles, Finance
  • From Start to FinishPutting a loan package in order
    From Start to FinishPutting a loan package in order By Joe Fordonski Finding the type of financing that best fits their needs is key to self-storage owners today. Given the volatility in the commercial mortgage backed securities (CMBS) market over the past 12 months, ...More
    November 1, 1999 Joe Fordonski Posted in Articles, Finance
  • From The Strip to Wall Street
    From The Strip to Wall Street The numbers are in, and it's a record. This year's Las Vegas expo was the largest and most successful yet, with just under 3,000 participants. We'd like to express our gratitude to all those that have contributed to and frequented the show for ...More
    February 1, 1999 Teri L. Lanza Posted in Articles, Finance
  • 1999 State of the Industry Report
    1999 State of the Industry Report By Tom Brecke The end of the century is shaping up to be an interesting time for the self-storage industry. After years of steady, unfettered growth, current signals indicate a possible slowdown in an industry that has done nothing but ...More
    January 1, 1999 Tom Brecke Posted in Articles, Development, Finance
  • Falling Interest Rates:That's Good, Right? So Why Aren't We Smiling?
    Falling Interest Rates:That's Good, Right? So Why Aren't We Smiling? The following is reprinted from the Argus Self Storage Sales Network Market Monitor newsletter. Interest rates are at all-time lows, which is good if you're a consumer, but something odd is happening in ...More
    January 1, 1999 Posted in Articles, Finance
  • A Walk Down Wall StreetThe state of financing in the self-storage industry
    A Walk Down Wall StreetThe state of financing in the self-storage industry By Tara Collins Though reserved, lenders and Wall Streeters are optimistic for 1999. While the market took a hard turn during the last two quarters, things are beginning to look up for self-storage ...More
    January 1, 1999 Tara Collins Posted in Articles, Finance