Become an Informed Investor Today!
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 […]
Self-storage owners didn’t have to raise their rents, lower any expenses or even increase their occupancy and still made A LOT of money over the last few years. In fact, it may have been so easy that many didn’t even realize it! So, what happened?!This month, Ben Vestal discusses this unprecedented self-storage market and the reasons behind […]
Self-storage operators often use their occupancy rates to gauge their facility’s performance, but the various methods of computing occupancy can give very different results. This month, Argus Broker Affiliate Stuart Wade gives operators a primer on how to calculate the different occupancy metrics and which ones tell the true story of facility performance. Read More View details […]
Cap Rates have long been the standard in the real estate industry for comparing properties across different markets and different asset classes. But many in the self-storage industry may not realize that arriving at an appropriate value involves more than just a simple calculation. Click below to read more about how cap rates and value are […]
Today’s real estate climate offers real opportunities for experienced self-storage owners to pick up some nicely priced, quality built, well-occupied properties while earning a handsome cash on cash return. However, the increased sales activity can have some unanticipated consequences for all of the self-storage operators in a market. Click below to learn more. Read More View details […]
In these very optimistic times, many owners are giving some thought to selling their property rather than waiting out the market, which comes with the risk of going on the bumpy ride of the next real estate cycle. This month, Ben Vestal discusses the factors that a self-storage owner must consider when thinking about selling. Now may […]
