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 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
Insight to Self-Storage Real Estate in 2008
The first month of 2008 was beset with significant financial and political "rock-n-roll." If you are like me, much of it doesn’t seem to fit into a neat package and signifies what the rest of the year will bring. However, if you will indulge me, I will give you two thoughts ...More
A View From the Street: Keeping Your Balance on the New Playing Field
We all know the business adage about how a level playing field allows for fair competition. Given 2007’s financial turmoil, the turf for self-storage real estate financing and property transactions is still level, but at a dramatically different point of balance than ...More
Real Estate Roundup: The Northeast States
This month, our roundtable of broker experts gathered to discuss the state of self-storage real estate in the Northeast. Let’s hear what they have to say about their respective cities and regions. Our panel includes: Guy Blake, Upstate Commercial Group, Kingston, N.Y.; ...More
Storage Investment Advisors Team Joins With Holliday Fenoglio Fowler
The eight team members of Storage Investment Advisors LLP (SIA) have joined the Houston and Los Angeles sales groups of mortgage-banking firm Holliday Fenoglio Fowler LP (HFF). ...More