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Check out all of our Current Listings
If you're an owner and not receiving your copy of the newsletter, please call us to verify your mailing address 1-800-557-8673
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Bruce Bahrmasel
of The Preferred Realty Group Total Storage in Freeport, IL! ~~~~~~~~~~~ Congratulations to Argus Broker Affiliate Joseph Mendola
of The Norwood Group Brookline Self Storage in Boston, MA! ~~~~~~~~~~~ The Argus Self Storage Sales Network
When building new self storage facilities, developers need to keep in mind that, as with other commercial real estate types, self storage is subject to the access requirements of Title III of the Americans with Disabilities Act (ADA). The law requires most new commercial facilities, including self storage facilities, to be 'accessible to and usable by individuals with disabilities.' The Architectural and Transportation Barriers Compliance Board (ATBCB) has drafted compliance guidelines and has recommended that the U.S. Department of Justice issue regulations incorporating them in the ADA construction guidelines. Visit the SSA website for more informaiton.
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INSTITUTIONAL CAPITAL AVAILABILITY Equity and debt capital are readily available, as the self storage asset class has experienced unprecedented levels of investor interest over the past three years. The stock market collapse, coupled with the attractiveness of current yield and self storage’s low volatility has resulted in high investor interest. Also, the flow of capital from the stock market to real estate has resurrected the partnerships and syndicators, last seen in the 1980s. Self storage has gained considerable attention over the past five years as a result of its stable cash flow, low on-going capital expenditure requirements and low debt default rates. Additionally, self storage possesses a number of positive attributes which attract investors to core real estate assets (office, industrial, apartment and retail). The keys to raising institutional and high net worth capital are:
The most important factor to a successful capital raise is still a strong, qualified sponsor / management team behind the real estate assets. While capital is readily available, investors maintain a high level of discretion and are experiencing difficulty in identifying strong management teams to finance. For more information contact John Nikolich, Flint Creek Partners, LLC at 847.462.5927 or at JNikolich@flintcreekpartners.com.
"Refinancing is one of the
few nontaxable events through which you can access cash without paying taxes!"
says
Neal Gussis
of
Beacon Realty Capital Inc.
Should you refinance?
Self storage owners can reap the many
benefits of refinancing, especially now while interest rates are at record
lows. Read this thought provoking article from the November issue of
Inside Self-Storage.
Full Article
Brad North, founder of Advantage Business Consulting, specializes in sales and marketing training for the self-storage industry. His "Maximizing your Sales and Marketing Program" video and workbook training tools are invaluable resources designed to help managers take their sales and marketing programs to a higher level. He also offers comprehensive on-site sales, marketing, feasibility and operational training to the industry. For more information, Call Brad at 866-535-2491 or visit the company's website www.AdvantageBusinessConsulting.com Would you like to see your company featured in this column? It's free with a paid subscription to www.selfstorage.com! Call 1-800-55-STORE.
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Alert on Self Storage is published by the Argus Self Storage Sales Network. Questions? Comments? Please contact Melanie Aaron at melanie@argus-realestate.com or call 1-800-55-STORE. |
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