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.
Self-Storage Finance: A Year in Review
The current view from the street (summer 2008) is pretty grim. One only needs to browse daily business headlines to recognize the severity of the nation’s economic situation. The “credit crunch” has gone from Wall Street to Main Street, and is leaving the ...More
Restoring Your Self-Storage Facility to its Former Glory
While most older self-storage facilities may still function well, they might not be maximizing their potential to effectively compete for market share. ...More
Self-Storage Real Estate Outlook: The North-Central States
Real estate brokers discuss the status of self-storage in the north-central region of the United States. ...More
The Realities of Today's Self-Storage Market
Capital-market volatility during the past 12 months has significantly changed the landscape for self-storage real estate investing and financing. If you have applied for a loan in the past eight to 10 months, you’ve likely noticed these changes firsthand. Gone are the ...More
Self-Storage Maintenance Retains Customers and Property Value
Because a storage owner sees his property daily, he may miss signs of deterioration. “A large percentage of your storage renters decide whether they want to rent from you based on the curb appeal of your facility,” says Brian Byrd, vice president of sales and ...More
Real Estate Roundup: Self-Storage in the Southeast States
Self-storage real estate experts in the southeast states talk about their local markets, how storage properties are performing, the behaviors of buyers and sellers, the affect of the 'credit crunch' and more. ...More
Sovran Self Storage Forms Joint Venture for Property Acquisition
Sovran Self Storage Inc. has formed a joint venture with an affiliate of Heitman LLC to acquire up to $350 millino worth of U.S. self-storage properties. ...More
NAREIT Launches New Website for 'All Things REIT'
The National Association of Real Estate Investment Trusts (NAREIT) has launched REIT.com, a new Web portal designed to be the home for “all things REIT.” ...More
Extra Space Storage Launches Public Offering of Common Stock
Extra Space Storage Inc. is beginning an underwritten public offering of 13,000,000 shares of its common stock, with all shares being offered by the company. Extra Space intends to use the net proceeds from the offering for debt repayment and general business purposes, ...More
Market Report: Evansville, Ind.
Evansville is the regional center for a large trade area in Illinois, Indiana and Kentucky. The broad economic base of the region has helped to build an economy known for its stability, diversity and vitality. Major industries include manufacturing, warehousing and ...More