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.
NAREIT to Hold Convention and First-Ever Global Summit
The National Association of Real Estate Investment Trusts will hold its annual convention and the first-ever global real estate summit Nov. 8-10 at the Marriott in San Francisco. ...More
Extra Space to Present at 2006 NAREIT Investor Forum
Kenneth M. Woolley of Extra Space Storage Inc. will present an overview of the company at the 2006 NAREIT Investor Forum on June 7. ...More
Self Storage Economics and Argus Host Free Teleconferences
On Nov. 9 and 14, Chris Sonne of Self Storage Economics and Mike McCune of the Argus Self Storage Real Estate Network will host free “two in one” teleconferences on cap/interest rates and 1031 Exchanges. ...More
REIT Industry Celebrates 45 Years
On Sept. 20, leaders of the real estate investment trust (REIT) industry rang the closing bell at the New York Stock Exchange to commemorate 45 years in service. ...More
Specialization and Market Distribution
The Argus Self Storage Sales Network Mike McCune When Mike McCune and his team of real-estate professionals became involved in the self-storage industry from a brokerage standpoint five years ago, they made some important discoveries. "We found this was a very ...More
Is Now the Time TO BUY?
Is Now the Time TO BUY? By Michael L. McCune Times are very good in the self-storage industry and, therefore, we in the real-estate industry are often asked, "Is it too late to buy or should we wait for a dip in the market to get into self-storage?" Our answer ...More