The process of buying or selling a self-storage facility has become more rigorous as markets have become more competitive and changes in the economy impact property value. To know the accuracy of a self-storage appraisal, a self-storage owner should have a clear understanding of facility value and the effect of capitalization (cap) rates. A buyer should complete a comprehensive due-diligence process to know if an investment is financially sound.
Strategic Storage Trust Acquires 80 Percent of $37.6M Self-Storage Portfolio
Strategic Storage Trust Inc., a publicly registered non-traded real estate investment trust focusing on self-storage, recently acquired more than an 80 percent interest in a 10-property portfolio worth nearly $37.6 million. ...More
Storage Express Acquires Central Indiana Self-Storage Property
Storage Express has acquired a former Simply Self Storage in Noblesville, Ind., which is about 20 miles northeast of Indianapolis. ...More
Athena Real Estate Hires New VP of Business Development
Athena Real Estate has hired Matthew Allen as a vice president, business development. Allen faces the task of growing Athena's investment portfolio and institutional advisory business, generally through asset and property management services. ...More
Strategic Storage Trust Buys Shares From Self-Storage Partners
Strategic Storage Trust Inc. has purchased a large share of interests in USA Self Storage I, DST, a trust sponsored by Strategic’s sponsor. ...More
The Commercial Self-Storage Real Estate Market: Decade in Review and Where Investors Go From Here
As we look back over the last 10 years, it’s encouraging to see cautious optimism present in today’s real estate market. Self-storage owners have the unique opportunity to capitalize on the recently improving real estate investment market, as values today are at the high ...More
Westy Self Storage Hosts Connecticut Real Estate Investors Association Meeting
Westy Self Storage will host the Connecticut Real Estate Investors Association (CT REIA) and Fairfield County Real Estate Investors Association (FCREIA) quarterly meeting Feb. 16. ...More
Noah’s Ark RV and Self Storage Opens in San Antonio, Texas
Noah’s Ark Development opened the first phase of its newest self-storage facility, Noah’s Ark RV and Self Storage in San Antonio, Texas. ...More
Self-Storage Development Proposed for Vacant Lot in Vista, N.Y.
A proposed self-storage development in Vista, N.Y., was nearly rejected in January by the city’s planning department because of ambiguity about the town’s codes. ...More
Jeffrey Rogatz Elected to U-Store-It Trust Board of Trustees
Jeffrey Rogatz had been elected to the board of trustees for U-Store-It Trust effective Jan. 31. He is expected to stand for re-election at the June shareholders meeting, when his current term of office expires. Daniel Hurwitz has resigned from the board as of Jan. 31. ...More
Safeguard Self Storage Opens Facility in Jamaica, N.Y.
Safeguard Self Storage, a provider of self-storage solutions, recently opened its 17th facility in the New York self-storage market. ...More