"America's Premier
Self Storage Brokers"
December 2005
2953 S. Peoria Street
Suite 207
Aurora, CO 80014
1-800-55-STORE
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"America's Premier December 2005 |
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2953 S. Peoria Street |
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rates, but if we approach these changes with flexibility, we might
discover new opportunities as a result. Remember that even as times
change, the personal and professional relationships that we build and
maintain will always be an important factor in our
success. On
behalf of the entire Argus Self Storage Sales Network, we wish you and
your families a joyous holiday season.
Thanks to all of our customers, affiliates and business partners for
making 2005 a successful and special
year.
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Argus Sales
The Argus Self Storage Sales Network |
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Toledo Area, OH
For more information on this
property,
Check out all of our Current Listings
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Capital Markets Update Wall Street continues to debate over the strength of the United States economy, which has moved Treasuries lower once again. This persistent “up & down” of Treasuries continues with the latest announcement by General Motors Corp. that it will eliminate 30,000 manufacturing jobs between now and 2008. Wall Street sees these types of moves by some companies as necessary to return them to profitability and therefore the equity markets have continued to rise. For example, the Nasdaq and Standard & Poors are currently trading at multi-year highs. In addition to all the uncertainty in the economy creating a roller coaster effect on Treasuries, some lenders are starting to feel that we may be heading into a slowing real estate market. Consequently, we are seeing some lenders reduce their loan-to-value ratios and limit the interest only period to just the first few years of a loan term. Additionally, as the rating agencies hear rumblings of a real estate slow down and see some properties taking longer to lease up, they have started to produce more stringent underwriting criteria resulting in an increase in spreads. For example, spreads have increased by about 10 basis points in the last month. However, for new properties that are well located and leasing up quickly, many lenders are still providing for aggressive underwriting terms. Even with the increase in Treasuries and Spreads, it is still a great time to refinance since a self storage owner can lock in a fixed rate today for 10 years at under 5.75%. Eric Snyder and Jim Davies, Principals at Buchanan Storage Capital can be reached at 800-675-1902. Visit their website at www.buchananstoragecapital.com.
‘Several’ Suitors Emerge for Shurgard: Shurgard Storage Centers, Inc. says it has signed confidentiality agreements with several parties interested in acquiring or partnering with the company. The news from the self storage REIT comes one month after it officially began considering its strategic alternatives and four months after it rejected an unsolicited $2-billion takeover bid by its chief competitor, Glendale, CA-based Public Storage. Read Full Article Storing the Wealth: by Robyn A. Friedman, Sun-Sentinel. The growth of high-end storage facilities in South Florida is drawing new types of tenants to the industry and creating a whole new class of storage facility. Partly due to the rise in the number of luxury condominiums in the area, secure space to store luxury goods like boats, cars and wine collections is becoming more and more in demand. Another factor contributing to the growth is that self storage has lost its stigma. "Over the last 10 years, storage facilities have been designed to look more like apartments, condos and office buildings, and they're more accepted in the community." Read Full Article U-Store-It Trust Announces Third Quarter Results: U-Store-It increased total revenues 85.4% for the three months ended September 30, 2005 over the same period in 2004. This was primarily due to the acquisition of 46 facilities in the fourth quarter of 2004, 126 facilities in the first nine months of 2005 and an increase in the company's same-store revenues. The Company's total revenue for the nine months ended September 30, 2005 increased 63.7% to $104.8 million, from $64.0 million for the same period in 2004. Read Full Press Release Shurgard Announces Third Quarter Dividend: Shurgard Storage Centers, Inc. is a real estate investment trust headquartered in Seattle, Washington. The company announced that that the Board of Directors declared a third quarter dividend of $0.56 per share. The dividend is payable on December 5, 2005, to shareholders of record as of November 25, 2005. Read Full Press Release
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At Moore Creative Concepts, we focus on learning and development for self-storage managers, operators, developers and owners. We believe that by partnering with hard working, bright and creative people we will bring to organizations:
Contact Moore Creative Concepts for all your organizational training needs! Hal Moore b b b “The Building Blocks of Self Storage” Self Storage
Association Winter Executive Ski Workshop - Vail, CO Call 513-272-3111to register or visit www.selfstorage.org/2006ski.aspx Alabama Self Storage Association EXPO -
Birmingham, AL
Inside Self Storage EXPO - Las Vegas, NV Visit www.insideselfstorage.com/expo for details and registration
List
your event for free... b b b Tired of Paying for High Cost Print Advertising?
Come to the BEST ADDRESS in the industry!
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to thousands of potential renters for less than $14 a month.
Sign up today... your potential customers are ready to rent! Call 1-888-414-7871
Season's
Greetings! |
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Put America's Finest Self Storage Brokers to Work for You! |
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Click Here to Contact Us Phone 303-785-6085 Toll Free 1-800-557-8673 Online www.selfstorage.com |
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Amy Hitchingham
is the Director of Marketing & Operations for the Argus Self Storage
Sales Network and www.selfstorage.com. She can be
reached at 303-785-6086 or via e-mail at
