Tag: Self Storage
Construction Limited, Demand Sustained by Job Gains

Construction Limited, Demand Sustained by Job Gains

Posted 08.07.2012 | Categories: Featured, Self Storage | No Comments

Modest improvements in the national economy will be sufficient to prompt households to migrate to major employment centers, driving uneven demand for self-storage space in the coming quarters.

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Self-Storage Observations for 2011

Self-Storage Observations for 2011

Posted 02.01.2011 | Categories: Featured, Self Storage | No Comments

As with all real estate asset classes in recent years, the self-storage industry has experienced challenges to financing both for existing properties as well as sourcing funds for new projects. Developers who were ready to build suddenly found their funding resources dry up. In addition, a decade-long rapid-build phase had led to overbuilt markets, giving lenders yet another reason to pull the plug on self-storage lending.

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Self Storage: Investors to snatch up Austin storage lots, MOBs

Posted 10.05.2010 | Categories: Self Storage | No Comments

Wizened by the real estate bubble, private equity firm Virtus Real Estate is raising a series of funds to invest in self-storage properties — a niche market that has grown hugely popular in recent years with investors.

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Apartment, Health REITs to Rebound First

Posted 04.07.2010 | Categories: Medical Office/Healthcare, Self Storage | No Comments

Jay Leupp, manager of the Grubb & Ellis AGA US Realty Fund(GBEUX), expects real estate investment trusts that invest in apartments, health care and self-storage sites to gain.

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Self Storage: Extra Space Storage Inc. Closes Joint Venture With Harrison Street Real Estate Capital, LLC

Posted 01.28.2010 | Categories: Self Storage | 1 Comment

Extra Space Storage Inc. (“Extra Space” or the “Company”) (NYSE: EXR) announced today that it has closed its previously announced joint venture (the “JV”) with an affiliate of Harrison Street Real Estate Capital, LLC (“HSRE”). HSRE contributed approximately $15.8 million in cash to the JV in return for a 50.0% ownership interest. The Company contributed […]

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Self-Storage Performance Trends Nationwide: Occupancy, Concessions and Development

Posted 01.11.2010 | Categories: Self Storage | No Comments

Despite a contraction in self-storage development activity, declining discretionary incomes and the soft, single-family housing market will continue to weigh on self-storage demand. Occupancy levels at self-storage properties are trending lower as job losses and falling home values encourage households to save more and avoid unnecessary expenditures. In an attempt to mitigate occupancy decreases, owners […]

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Invest in Self Storage – A Stable Option in an Economic Downturn

Posted 11.16.2009 | Categories: Self Storage | No Comments

With the sudden collapse of the residential real estate market in recent months, many people have chosen to invest in self storage facilities. These facilities offer several advantages over investments in residential or other commercial real estate opportunities. These advantages include low monthly maintenance costs, high profit potential, and the general ease of ownership. Unlike […]

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Self Storage: Five Challenges Faced by Today’s Self-Storage Owners and How to Maximize Your Asset

Posted 11.09.2009 | Categories: Self Storage | No Comments

The famed artist, sculptor and engineer Michelangelo is credited with this quote: “The greater the danger for most of us lies not in setting our aim too high and falling short, but in setting our aim too low and achieving our mark.” If your self-storage business is experiencing a crunch from the economy, if new […]

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Self Storage: Self-Storage Real Estate Challenges: Pricing, Debt and the Market

Self Storage: Self-Storage Real Estate Challenges: Pricing, Debt and the Market

Posted 09.16.2009 | Categories: Self Storage | No Comments

After reviewing the year’s financial reports from the self-storage real estate investment trusts (REITs) and hearing feedback from self-storage owners, I’ve concluded that the industry is doing pretty well in this Draconian economic climate. After the first quarter of 2009, most of the REITs were very close―or, in some cases, even a little ahead of […]

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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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