Inside Self-Storage

Real Estate

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.

Citigroup: Investors Should Buy Recovery-Oriented REITS

Self-storage is listed by Citigroup as one of the types of recovery-oriented real estate investment trusts (REITS) investors should consider. ...More
October 6, 2009
Posted in News, Real Estate
Extra Space Storage Amends Terms With Harrison Street, Announces Financing

Extra Space Storage Inc. has amended the terms of its previously announced joint venture with an affiliate of Harrison Street Real Estate Capital LLC (HSRE). ...More
October 1, 2009
Posted in Articles, Real Estate
Self-Storage Lending: Restrictions Today, Better Loans Tomorrow

The implosion of the subprime residential-lending market and tightening of the overall credit markets has had a significant impact on self-storage lending. However, there are steps self-storage owners can take to prepare their businesses for a better loan in the future. ...More
September 29, 2009 Anthony DiMarco
Posted in Articles, Finance, Real Estate
AMERCO Real Estate Opens U-Haul Self-Storage in Texas

AMERCO Real Estate opened U-Haul Center Prosper in Texas, expanding its network of self-storage facilities. U-Haul Prosper features 101,975 square feet of storage with 1,161 units, 709 of which are climate controlled. ...More
September 23, 2009
Posted in News, Real Estate
Budget Self Storage Opens in Richmond, VA

Budget Self Storage will open a new self-storage facility in Richmond, Va., Oct. 1. ...More
September 22, 2009
Posted in News, Real Estate
EBS Renegotiates Construction Loan for AZ Self-Storage Facility

Equity Based Services Inc. (EBS) renegotiated an extension on an existing construction loan for a two-story expansion to EZ Store self-storage in Peoria, Ariz. ...More
September 22, 2009
Posted in News, Finance, Real Estate
Grubb & Ellis Brokers Sale of Palm Springs Storage Facility

Grubb & Ellis Self Storage Group facilitated the sale of Monterey Palms Self Storage in Palm Springs, Calif., for an undisclosed amount. The facility opened in July 2007, and encompasses 113,000 square feet with 645 units. ...More
September 21, 2009
Posted in News, Real Estate
Self-Storage in the South-Central States: Real Estate Snapshot

Michael McCune of the Argus Self Storage Sales Network recently assembled a roundtable of real estate experts to discuss the state of self-storage in the South-Central United States. The panel commented on their local markets and share their predictions for future ...More
September 21, 2009 Michael L. McCune
Posted in Articles, Development, Real Estate
Reaching and Serving Boat/RV-Storage Customers

Self-storage operators interested in attracting boat- and RV-storage customers and making greater profit should tailor their marketing and customer-service approach for this special market segment. ...More
September 19, 2009 Ed and Terri Heil
Posted in Articles, Development, Real Estate
Equity Based Services Acquires Texas Self-Storage Facility

Equity Based Services Inc. (EBS) purchased Advantage Storage in Rockwall, Texas for an undisclosed amount. Advantage is a class-A facility with 68,075 net-rentable square feet with 569 units, 247 of which have climate control. The occupancy at the time of the sale was 90 ...More
September 18, 2009
Posted in News, Real Estate

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