The process of buying or selling a self-storage facility has become more rigorous as markets have become increasingly competitive and changes in the economy impact property value. Owners and investors looking to acquire need to understand the investing process including due diligence, capitalization rates, appraisals and valuation methods.
Voting is now open for the ISS 2018 Best of Business reader-choice poll in which self-storage professionals identify their favorite product and service suppliers in more than 35 categories. Choose your favorite companies now!
Pinnacle Storage Properties, a Houston-based firm that operates 10 Texas self-storage facilities under various names, has acquired Storage House of Texas in Garland. The 3.9-acre property at 3402 Bobtown Road is the company’s first in the...
Shurgard Self Storage Europe SARL, the European affiliate of U.S.-based real estate investment trust (REIT) Public Storage Inc., is considering an initial public offering. If Shurgard does decide to sell securities, they may not be sold within the...
U.K. self-storage entrepreneurs Mike Wilson and Andy Wood have received investment backing from Seneca Partners Ltd. to launch the new SureStore brand. The pair have already acquired three properties in Northwest England, recently opening their...
When purchasing a self-storage facility, the term “buyer beware” applies. The following offers guidance on the due-diligence process and the professional team that will help ensure a smooth transaction.
Self-storage properties are constantly changing hands, and Inside Self-Storage is regularly notified of these market transactions. Many are covered in detail on the ISS website and available for viewing on the “Acquisitions and Buying&rdquo...
Strategic Storage Trust IV Inc. (SST IV), a public non-traded real estate investment trust sponsored by SmartStop Asset Management LLC, has purchased a self-storage facility in Puyallup, Wash. Puyallup Mini Storage at 1401 N. Meridian Ave. is on...
