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.


  • The State of Industry Financing
    The State of Industry FinancingThough lenders may run scarce, the 'paper' is still out there By R.K. Kliebenstein The last few years have witnessed many changes in the arena of finance, and self-storage financing has been no exception. In September 1998, the finance world ...More
    March 1, 2001 R.K. Kliebenstein Posted in Articles, Finance
  • 2001 RealEstate Review
    2001 RealEstate ReviewWill there be an economic slowdown, and how will it affect self-storage? By Michael L. McCune In 1999, we were all so excited about the new millennium that we celebrated a year early. Now that it's the real beginning of the millennium, according to ...More
    February 1, 2001 Michael L. McCune Posted in Articles, Finance
  • State of the Industry 2001
    State of the Industry 2001Will self-storage's good fortune continue? By Barry Morris After a slow beginning, the 1990s became a decade of unprecedented prosperity for the self-storage industry. New properties emerged in many markets, bringing with them burgeoning consumer ...More
    January 1, 2001 Barry Morris Posted in Articles, Development, Finance, Technology
  • Show Me the Money
    Show Me the MoneyPreparing yourself and your property for financing By R.K. Kliebenstein What should an owner do before refinancing or applying for a construction loan? What are the expectations? Are you ready? This article will help prepare you to work with a lender so he ...More
    November 1, 2000 R.K. Kliebenstein Posted in Articles, Finance
  • Refinancing Your Facility
    Refinancing Your FacilityLet the borrower beware By Scott Lee Shabel In this booming economy, you may be interested in refinancing the debt on your self-storage facility. If you are fortunate, you have contacted one of the handful of mortgage brokers who specialize in ...More
    November 1, 2000 Scott Lee Shabel Posted in Articles, Finance
  • Show Us the Money
    Show Us the Money I hate money. But I love money. Know what I mean? I often wonder what the social and political structure of this nation would look like if we reverted back to a simple, primitive system of barter. What if we could trade our talents, belongings or services ...More
    November 1, 2000 Teri L. Lanza Posted in Articles, Finance
  • The Big Financial Picture
    The Big Financial PictureSelf-storage retains its advantages, bright future By Michael Parham True commercial development of self-storage began in the late 1960s by several industry pioneers who recognized a growing demand for residential and commercial storage. These were ...More
    November 1, 2000 Michael Parham Posted in Articles, Development, Finance
  • 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