Exit Strategies: Best Practices for Selling a Self-Storage Facility
In planning an exit strategy today, self-storage owners will not only be rewarded by operating a better investment in the present term, but will be handsomely rewarded in the future when the property is sold. ...More
February 25, 2009 Jeff Supnick
Posted in Articles,
Finance,
Real Estate
Due Diligence: Critical to Obtaining Self-Storage Financing
Organizing and professionally presenting self-storage due diligence documentation always enhances the probability of consummating a sale. Excluding the buyer’s review process, lenders and appraisers more than ever are scrutinizing and analyzing all aspects of the due ...More
February 23, 2009 Stephen I. Grossman
Posted in Articles,
Finance,
Legal Issues,
Real Estate
The Self-Storage Valuation Process
In these challenging times, even if a self-storage buyer and seller agree on the value of a facility, unless the buyer can pay cash at the agreed on price, there may be a third party to consider into the equation—the lender. There are two methods in the self-storage ...More
February 16, 2009 Dale C. Eisenman
Posted in Articles,
Finance,
Real Estate
When to Hire a Self-Storage Real Estate Broker
In this tumultuous real estate market, using the services of an experienced, third-party intermediary is more vital than ever. Acquiring qualified buyers for self-storage properties has become more difficult as buyers have become much more selective, scrutinizing every ...More
February 13, 2009 Michael Mele
Posted in Articles,
Development,
Finance,
Real Estate
Preparing a Self-Storage Facility For the Sale
Once a self-storage owner decides to sell a facility, the real work begins—from maintenance issues to hiring the right broker. ...More
February 11, 2009 Bill Alter
Posted in Articles,
Finance,
Real Estate
Evaluating Your Self-Storage Finances
The current economic climate has slowed real estate transactions and caused declines in self-storage property values. Consulting a real estate expert specializing in self-storage will either set a self-storage owner’s mind at ease or help develop a plan to mitigate the ...More
February 7, 2009 Michael L. McCune
Posted in Articles,
Finance,
Real Estate
National Self-Storage Snapshot: Real Estate
Fundamentals in the national self-storage market have remained healthy compared to most other property sectors, including the retail, office and industrial sectors. But the downfall of the housing market may soften the self-storage market. ...More
February 5, 2009 Steve Ekovich
Posted in Articles,
Construction,
Finance,
Real Estate
The State of Self-Storage: Industry Report 2009
While the self-storage industry has always been touted as recession-proof or, at the very least, recession-resistant, it was put to the test in 2008. New construction and self-storage real estate slowed, but occupancy levels for most facilities remained solid. ...More
February 1, 2009 Amy Campbell
Posted in Articles,
Construction,
Finance,
Real Estate
Selling Self-Storage in a Soft Real Estate Market
In these difficult times, many self-storage owners are giving some thought to selling their property rather than waiting out the market. To achieve a successful sale, they must know how to price their facility as well as how to market it. ...More
January 29, 2009 Michael L. McCune
Posted in Articles,
Real Estate
Goals for 2009: Competitive Sales, Facility Remodeling and More
Self-storage managers should maximize all competitive advantages possible to close a sale. Some advantages cost nothing but can mean a lot to potential tenants, such as not charging security deposits and offering rent guarantees. ...More
January 23, 2009 Jim Chiswell
Posted in Articles,
Marketing,
Real Estate
