"America's Premier
Self Storage Brokers"
November 2006
2993 S. Peoria Street
Suite 105
Aurora, CO 80014
1-800-55-STORE
|
"America's Premier November 2006 |
|
2993 S. Peoria Street |
|
Amy Hitchingham is the Director of Marketing & Operations for the Argus Self Storage Sales Network and www.selfstorage.com. She can be reached at 303-317-4232 or via e-mail at amy@argus-realestate.com. |
Subscribe Today to the Market Monitor Print Newsletter!
Make sure you stay on top of industry trends, self storage real estate opportunities and great events with this free must-read publication. The Market Monitor is mailed 10 times per year and arrives full of great information for your self storage business whether you are a current owner or a prospective buyer/developer.
|
|
|
|
||
To view information on all of our nationwide self storage listings Click Here Augusta, GA
For more information on this
opportunity,
Real People, Real Riches in Real Estate: Richard Johns’ Patience Pays
Off Richard Johns is a native of Temecula, CA and has a diverse educational and professional background. His boasts three degrees and he has 24 years of Air Force experience coupled with an Asset Management background. For Richard, “every step along the way has fostered a continual desire for educating myself.” This education has served as a strong backbone for his successful investments. After a brief period of real estate investment during the 1980’s where he “didn’t lose a lot of money but did not make a lot either,” it became evident that when buying and selling real estate “the more you understand the business cycles the better equipped you are to be a more successful real estate investor.” So Richard retrenched and studied. The early 1990’s saw Richard’s renewed involvement in Real Estate. This time he went to work for a firm that acquired commercial properties and syndicated the ownership to investors. The firm went bankrupt because they were overleveraged and “thought that it would never end.” This turned out to be a blessing in disguise; Richard was asked to salvage three of the properties by the investors. The success of the original three properties (two being self-storage) has created more demand for Richard’s services. When he recently purchased a six property mini storage portfolio in Houston, TX, the properties had a combined occupancy of 58%. After only a year and a half they are now 80% occupied, due to Richard’s hands-on approach to management. After achieving stabilization the properties are refinanced or sold and the proceeds are used to purchase properties with similar minimum investment criteria.
Richard uses several minimum qualifications before he considers
purchasing: Richard has financed twelve self-storage deals totaling over $8.6 Million in proceeds with S&W Capital and Realty. His patient investing strategy that requires each deal fit the investment criteria has enabled Richard (who invests his own cash along with his investors in each deal) to increase his personal net worth to over $2 Million. For other investors who want to find similar success, Richard’s words of wisdom are to “find a mentor, educate yourself, be patient and don’t be afraid to ask questions.” S&W Capital and Realty is a boutique mortgage brokerage firm which strives to find solutions to borrowers financing needs (www.sandwcapital.com). Matt Lexow-Gray is a Senior Loan Originator and can be reached at (888) 525-9081 or at mlexowgray@sandwgroup.com.
Argus is proud to welcome our new Broker Affiliates to the Argus Self Storage
Sales Network!
Ryan Layton is
Congratulations to Argus Broker Affiliate Dale
C. Eisenman, CCIM on his election as President of
Sovran Self Storage Reports Third Quarter Results: Revenues Increase 24%;
Acquires 9 Facilities
Public Storage 3Q FFO Drops on Expenses
AMERCO Reports Second Quarter Fiscal 2007 Financial Results
|
r r r
Argus Sales
The Argus Self Storage Sales Network r r r
800-458-0004 r r r
New York Self Storage
Association visit www.nyssa.org for more information
Idaho Self Storage
Association visit www.idssa.org for more information
Alabama Self Storage
Association visit www.alabamassa.org for more information
Inside Self Storage visit www.insideselfstorage.com/expo for more information
Self Storage Association
visit www.selfstorage.org for more information
List
your event for free... r r r
Looking for affordable online advertising, without all the hassle? List your facility on the Internet's First Stop for Self Storage!
Sign up today... your potential customers are ready to rent! Call 1-888-414-7871 |
|
Put America's Finest Self Storage Brokers to Work for You! |
||||
|
Click Here to Contact Us Toll Free 1-800-557-8673 Online www.selfstorage.com |
||||
|
Amy
Kent
Curtis
of Equity Real Estate is located
in Orem, UT and will represent Argus in
the state of Utah. Kent is a 2006 BYU MBA graduate and has always had an
interest in self storage. Before obtaining his MBA, he worked for NAI and
CBRE as a real estate agent specializing in self-storage investment
transactions. Kent currently oversees the management of a self storage
facility he developed and co-owns in Orem, Utah. Kent can be reached at
801-373-8105.
the North Carolina Self Storage Association (NCSSA) for 2007! Dale had
previously served as the organization's Vice President. The NCSSA
currently has nearly 200 members who represent over 400 facilities in the
state, and 185 members attended the Association's recent Conference and
Tradeshow in Charlotte, NC. For more information, visit
