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Our clients were regional investors, owning multiple asset types across the Southwest and specializing in distressed assets and repositioning. They had acquired the storage at a trustee’s sale 9 months prior to seeking out our services to help them maximize exit value of the property so that they could redeploy capital into another asset. The […]
This self storage was constructed thirty years prior to our team listing the property and featured a car wash on one of the corners of the property. Over the years, many of the original partners passed away leaving the managing partner (our client) with heirs as his partners. The management of this new group of […]
Over the years we have written articles on just about every topic concerning self-storage, but rarely have we explained what a real estate broker does and why do we get paid to buy and sell self-storage properties? The easy answer is that our clients believe they get value from using a broker’s services, but there […]
Looking back over 2014, most self-storage operators continue to bask in their own glory and in general, self-storage properties continue to perform better than expected. The last six months of 2014 were markedly different than the first few months. Liquidity in the real estate debt and equity markets was supercharged over the last six months, pushing self-storage values to new […]
As self-storage brokers, we spend a lot of time thinking about the value of self storage properties. Our conversations are usually focused on interest rates, cap rates, the timing of the real estate cycles, loan to value ratios, basis points, cost of capital, net operating income (NOI) and lots of other topics that rarely interest […]
Here comes the self storage development train. After living through two booms and two busts in my real estate career, it has become clear that real estate peaks and troughs are very much accelerated by the development of new product, which typically begins near the middle of the real estate cycle. In order to make […]
After three years of momentum building in the self-storage investment market, buyers and lenders will place what could be record amounts of capital into self-storage properties by the end of 2014. This leaves self-storage owners with options depending on their personal and business objectives. Self Storage lending is fundamentally strong and lenders are continuing to maintain […]
As an active self-storage broker, I prepare dozens of broker price opinions every year. Naturally, the property owner wants to know their property’s value in the current market, but the answer to that question is as individual as each property and can be affected by some very common operational methods employed by self-storage owners. When […]
Over the last 6-12 months, our phone has been ringing off the hook with owners wanting to find out what their property is worth. In some cases, their interest is only curiosity, but in many cases they are interested in financing, real estate taxes, estate evaluation or selling. Most are looking for a “ballpark” number for […]
Our client sought out the expertise of our team to help them sell their mixed-use self storage and business park. The business park was not considered a core asset in their portfolio and they were looking to redeploy capital into an asset closer to their home. The facility was in an older section of the […]
