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.
Supnick Real Estate Launches Newsletter on Self-Storage REIT Performance
Supnick Real Estate Co., a self-storage real estate brokerage based in Mt. Laurel, N.J., has launched a new quarterly newsletter focused on the operating performance data of the four self-storage real estate investment trusts. ...More
West Coast Self Storage Developing Facility in Washington
West Coast Self Storage Group and Catalyst Storage Investors are developing a state-of-the-art self-storage facility in the Fishers Landing area of Vancouver, Wash. ...More
Strategic Storage Trust Acquires Fifth Self-Storage Facility in Florida Market
In an all-cash transaction, Strategic Storage Trust Inc., a publicly registered non-traded real estate investment trust targeting the self storage market, acquired a 1,600-unit self-storage facility in Oakland Park, Fla., the company's fifth in the market. ...More
Chester Heights Self-Storage Center in PA to Open This Spring
After several delays, Chester Heights Self-Storage Center in Chester Heights, Pa., is slated to open this spring. The self-storage facility was originally scheduled to open a year ago. ...More
NAREIT to Host REITWeek 2010 Investor Conference
NAREIT, the National Association of Real Estate Investment Trusts, will host REITWeek 2010: NAREIT’s Investor Forum, June 9-11 at the Hilton Hotel in Chicago. ...More
Developer to Break Ground on WA Self-Storage Facility Next Month
A developer will break ground next month on a self-storage facility in Issaquah, Wash. ...More
Storage Investment Management to Manage N.J. Planet Self Storage
Storage Investment Management Inc. (SIMI) will provide professional property-management services to Planet Self Storage in Burlington, N.J. ...More
StorQuest Opens Self-Storage Facility in Thousand Oaks, Calif.
StorQuest is opening its newest class-A self-storage facility in Thousand Oaks, Calif. The four-story facility features more than 57,000 rentable square feet of regular and climate-controlled self-storage. ...More
Strategic Storage Trust Acquires Self-Storage Facility in Mesa, Ariz.
Strategic Storage Trust Inc., a publicly registered non-traded real estate investment trust targeting the self-storage market, acquired Augusta Ranch Self Storage in Mesa, Ariz. ...More
Public Storage to Buy 30 Self-Storage Facilities for $189M
Public Storage, a self-storage real estate investment trust, entered into an agreement to purchase 30 self-storage facilities for $189 million, subject to customary closing conditions, including debt assumption of up to $126 million. ...More