"America's Premier
Self Storage Brokers"
June 2006
2953 S. Peoria Street
Suite 207
Aurora, CO 80014
1-800-55-STORE
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"America's Premier June 2006 |
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2953 S. Peoria Street |
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Amy  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 amy@argus-realestate.com. |
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Check out all of our Current Listings
Crowley, TX
For more information on this
opportunity,
Is the Fed Done? The Federal Reserve rose fed funds rate during its May meeting for the 16th consecutive time since the interest rate hike campaign that started in June 2004. Many hope that Fed Chairman, Mr. Bernanke, will end the rate hike campaign with the funds rate at 5 percent. However, this seems more like wishful thinking than anything else. The Fed engages in a delicate balancing act where excessive rates could cease economic growth, but lack of rate hikes could cause runaway inflation. The new Chairman has made his intentions clear that he will pursue an inflation targeting policy. This simply means that he will move rates according to economic data, particularly those that impact inflation. Sure core consumer price index (CPI) figures, which exclude food and energy, imply benign inflation; however, Mr. Bernanke fully understands the lag effects of economic data and interest rate impacts. That is probably why he stated that the Fed may “pause” in the future. However, this does not mean the end to more interest rate hikes. The fed funds futures price currently indicates an approximately 60 percent probability that the Federal Open Market Committee (FOMC) will pause for the June session. If, however, the Committee does pause in June, then another hike may come during the August meeting. Mr. Bernanke may hold the funds rate at 5.25 percent and see what the data tells him before he does anything that would choke the economy. Buchanan Storage Capital is the market leader in arranging debt and equity for self-storage owners nationwide. Our customers receive the most competitive capital because we have earned significant leverage with the most aggressive storage lenders over the past decade. The principals of Buchanan Storage Capital, Jim Davies and Eric Snyder, have a $2.5 billion track record in storage financing and the firm closed over $450 million in 2005. Parent company, Buchanan Street Partners, a leading real estate investment bank, has completed over $10 billion of transactions since its inception in 1999. For additional information, please call 800.675.1902 or visit www.buchananstoragecapital.com. Sovran Self Storage Upgraded to "Buy": NEW YORK, June 15 (newratings.com) - Analysts at AG Edwards upgrade Sovran Self Storage ( SSS.NYS ) from "hold" to "buy." The target price is set to $51. Full Article Arizona Mini Storage Association Changes Name: The Arizona Mini Storage Association announced that it has officially changed its name to the Arizona Self-Storage Association. According to Robert Schoff, AZSA president, "After ten years, our board of directors felt that the new name better identifies our association with the more accurate “self-storage” term rather than the outdated term 'mini storage.' We are maintaining our vast array of member benefits." For more information visit www.azselfstorage.com.
New Jersey Faces Self-Storage Sales Tax: Nothing has yet been decided about Gov. Jon S. Corzine's proposed budget with its tax increases and program cuts, but New Jerseyans should pay close attention in the coming weeks. New taxes almost certainly will be approved. Relief for the state's highest-in-the-nation property taxes is at risk. Leafy state parks and sunny beaches might not be open for July Fourth. And the local hospital might not survive, depending which argument one accepts. Is the sales tax increasing? Corzine's plan to increase the sales tax from 6 percent to 7 percent lacks the votes to clear the Legislature, but opponents haven't found an alternative other than calling for more spending cuts. A The sales tax could be expanded to golf and health clubs, landscaping, shipping and handling, self-storage, private investigators and downloaded music and videos. Some legislators suggest expanding it to accountants and attorneys. Full Article
"Lending to the Self-Storage Industry: Cinderella Has Her Day": This article, written by R. Christian Sonne, President of Self Storage Economics, was featured in the June 2006 issue of The RMA Journal. It describes the background and market conditions of the asset class, and explains the approaches to self storage appraisal. Read Full Article
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Argus Sales
The Argus Self Storage Sales Network b b b
Executive Self Storage Associates, Inc. Executive Self Storage Associates, Inc. is one of the largest Self Storage management firms in the country. ESSA has been in business since 1987, and currently oversees the operations and daily activity of nearly fifty self storage facilities across the nation. Our full service management teams provide a customized program, for new or existing properties, meeting the needs of each individual location. ESSA also offers a wide variety of consulting services including; Facility Evaluations, Market Feasibility Studies, Manager Training and Store Audits. For more information, contact: Joe Niemczyk b b b
CSSA Owners Finance Summit Call 888-877-CSSA to register
Inside Self Storage Expo visit www.insideselfstorage.com/expo to register or call 480-990-1101 x1405
Missouri Self Storage Owners Association Annual
Meeting & Tradeshow visit www.mssoa.org to register
Self Storage Association Fall Conference and
Tradeshow visit www.selfstorage.org to register
List
your event for free... b b b Looking for affordable online advertising, without all the hassle? List your facility on the BEST ADDRESS in the industry!
Sign up today... your potential customers are ready to rent! Call 1-888-414-7871 |
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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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Argus
is proud to welcome Guy Blake, CCIM
to the Argus Self Storage Sales Network! Guy is Vice President of
Upstate Commercial Group in Kingston, NY and will represent Argus in Upstate
New York and Western Connecticut. He has over ten years of experience in
commercial real estate in the northeast and is a CCIM designee and a Certified
Exchange Advisor. Guy can be reached at 845-338-5000 or
