Self Storage

Storage: U-Store-It Trust Raises $161.2M Through Public Offering

Posted 09.01.2009 | Categories: Self Storage | No Comments

Self-storage operator U-Store-It Trust today closed its public offering of 32.2 million common shares, making approximately $161.2 million. The company intends to use the proceeds to repay existing debt and for general corporate purposes. BofA Merrill Lynch, Wells Fargo Securities and Morgan Keegan & Co. Inc. served as the joint book-running managers for the offering. […]

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Self Storage: Rentals thriving despite economy

Posted 08.12.2009 | Categories: Self Storage, Senior Housing/Assisted Living | No Comments

Developers find market in apartments, storage. Finding little demand for new subdivisions and retail centers, Memphis-area developers have turned to two types of projects that have remained marketable even during the economic downturn: self-storage units and apartment complexes. In recent months, two large-scale storage facilities and two major apartment complex projects have been proposed by […]

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Self Storage: Self-storage can be boon for savvy investors

Self Storage: Self-storage can be boon for savvy investors

Posted 08.05.2009 | Categories: Self Storage | No Comments

Buying a self-storage facility can be an easy way to make money, but several factors need to fall in place. Jeff Lester, with Wiggin Properties, specializes in self-storage and has seen many of the facilities succeed for owners if the properties are in good shape and well-managed and the owners are willing to spend money […]

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Self Storage: Self-storage operator buys parcel near Tanglewood

Posted 07.30.2009 | Categories: Self Storage | No Comments

A parcel of land near the upscale Tanglewood neighborhood listed late last year for $4.9 million has sold. The buyer, a self-storage operator called Amazing Spaces, plans to build a 120,000-square-foot facility on the 2.3-acre site at 2001 S. Voss Road, just south of San Felipe. Amazing Spaces operates in the high-end of the self-storage […]

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Self Storage: Technology and Self-Storage Third-Party Management

Posted 07.23.2009 | Categories: Self Storage | No Comments

To determine the future of self-storage, we must first look to the past. Gone are the days of manual reporting and hand-written checks, along with waiting for the mail to get bank statements or send reports to property owners. Many third-party management companies now offer online tools, giving facility owners and managers access to reports, […]

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Self Storage: Massive complex redefines self storage business

Posted 07.15.2009 | Categories: Self Storage | No Comments

Small, mom and pop run self storage facilities have been the norm for years all around South Mississippi. But recently, more polished operations with an emphasis on enhanced security and finer attention to detail have been turning up on the coast. If you head south down Cowan-Lorraine Road off Interstate 10, you’ll notice construction on […]

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Self-Storage: Still the Best Investment

Self-Storage: Still the Best Investment

Posted 07.13.2009 | Categories: Self Storage | No Comments

Using a down economy to build the self-storage site you’ve always wanted Everyone’s feeling the pinch of the economic downturn. How is it affecting self-storage? In talking with many facility owners and feasibility consultants, I’ve come to some conclusions. First, I still haven’t found a business investment better than self-storage. At least 60 percent of […]

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Senior Housing: State awards tax credits for Ellenville senior homes

Posted 07.12.2009 | Categories: Self Storage, Senior Housing/Assisted Living | No Comments

The state Division of Housing has awarded tax credits that will allow a local developer to build 42 additional units of senior housing next to Ellenville Hospital.  Construction on the multi-million expansion is scheduled to start in September. It’s being built by developer Jonah Mandelbaum’s Warwick Properties, Inc.  The first 57 units built last year […]

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Student Housing: The Party Isn’t Over

Student Housing: The Party Isn’t Over

Posted 06.15.2009 | Categories: Featured, Student Housing, Self Storage | 9 Comments

By Oliver Swan The news as of late has been dour. GM filed for Chapter 11 bankruptcy protection. Formerly stalwart banks have been nationalized. Retailers are vanishing from the U.S. landscape at an alarming pace. Corporations are failing. Unemployment hit 9.1%. The world is falling around us. Whether the economy rebounds in a “V’ formation […]

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Self Storage: Strategic Pays $10M For Two Facilities

Self Storage: Strategic Pays $10M For Two Facilities

Posted 06.12.2009 | Categories: Self Storage | No Comments

Strategic Storage Trust Inc., a billion-dollar private REIT, has added to its portfolio through acquisition of two metro Atlanta self-storage facilities. The locally based company paid $9.6 million in cash to add 1170 units to its current collection of just over 4,000 units. Strategic Storage Trust acquired the assets in Marietta and Alpharetta, GA from […]

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