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.

Michigan City Self Storage Sells for $1.2M

Michigan City Self Storage in Michigan City, Ind., was sold on April 3 for $1.2 million. ...More
April 14, 2009
Posted in News, Real Estate
NAREIT to Hold Annual Conference, June 3-5, in New York

The National Association of Real Estate Investment Trusts (NAREIT), the representative voice for REITs and publicly traded real estate companies worldwide, will host REITWeek 2009, June 3-5, at the Waldorf=Astoria hotel in New York. ...More
April 13, 2009
Posted in News, Real Estate
Equity Based Services Acquires Anchor Mini Storage

Equity Based Services Inc. purchased Anchor Mini Storage in Rohnert Park, Calif., for $5.3 million, a price reflecting a discount due to a motivated seller. ...More
April 9, 2009
Posted in News, Real Estate
Extra Space Storage Changes 2009 Dividend Distribution

In response to continuing uncertainty in the capital markets, the board of directors of real estate investment trust Extra Space Storage Inc. has decided to modify the company's dividend distributions for the remainder of fiscal 2009. ...More
April 7, 2009
Posted in News, Real Estate
Extra Space Storage Releases First-Quarter Results, Conference Call Scheduled

Real estate investment trust Extra Space Storage Inc. will release its financial results for the three months ended March 31, 2009, on May 4 after the market closes. A conference call will take place on May 5. ...More
April 7, 2009
Posted in News, Real Estate
Morningstar Opens New Self-Storage Facility in Charlotte, N.C.

Morningstar Properties LLC, in its joint venture with Harrison Street Real Estate Capital LLC, will open the newest Morningstar Mini-Storage facility in April in Charlotte, N.C. ...More
April 6, 2009
Posted in News, Real Estate
Investment Real Estate Brokers Sale of PA Self-Storage Facilities

Investment Real Estate recently brokered the sales of two Pennsylvania self-storage facilities to first-time industry buyers. ...More
April 3, 2009
Posted in News, Real Estate
Five Questions With … Bob Dailey, Partner of The Pegasus Group

Real estate investment and management firm The Pegasus Group owns 30 self-storage facilities nationwide. The Walnut Creek, Calif.-based company recently expanded its investment portfolio into the hotel industry, opening 10 Value Place extended-stay hotels throughout North ...More
April 2, 2009
Posted in Articles, Real Estate
Financial-Crisis Survival Guide for Self-Storage Owners

As the economy continues to struggle, even top economists are unable to say definitively when we’ll see an upturn in the market. This uncertainty has frozen the real estate markets, making acquisition a challenging process during the past year and for the foreseeable ...More
March 30, 2009 H. Michael Schwartz
Posted in Articles, Development, Finance, Real Estate
An Open Letter: Self-Storage Real Estate in This Economy

Industry real estate veteran Michael McCune gives his unvarnished thoughts on today's real estate market and what he believes to be a self-storage owner's options when it comes to refinancing and selling. ...More
March 28, 2009 Michael L. McCune
Posted in Articles, Finance, Real Estate

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