"America's Premier
Self Storage Brokers"
October 2005
2953 S. Peoria Street
Suite 207
Aurora, CO 80014
1-800-55-STORE
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"America's Premier October 2005 |
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2953 S. Peoria Street |
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Dale C. Eisenman
The Argus Self Storage Sales Network |
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Sugar Land, TX
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property,
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New Broker Affiliate Joins Argus The Argus Self Storage Sales Network is pleased to welcome its new Broker Affiliate:
New Dates Announced for the ISS Expo in Miami!
Due to the damage caused by Hurricane Wilma, Inside Self Storage postponed the Fall 2005 Expo in Miami, Florida. The new show dates are November 29-December 2, 2005 and the event will still be held at the Hyatt Regency Miami. All previous registrations will be honored for the new dates. Please visit www.insideselfstorage.com/expo for details and a full program schedule. Next in the “Insights from Industry Experts” Teleconference Series... Interest Rates and Cap Rates - Are You Willing to Bet the Farm? and A Unique Perspective on 1031 Exchanges Self Storage Owners… don’t miss this national teleconference hosted by Argus. Mike McCune, President of Argus, and Chris Sonne of Self Storage Economics will discuss the state of the self storage market and explore examples of value at different cap rates and the very real chances of declining values with rising interest rates. You will be surprised at the difference a couple of percent will make in values and your equity! Additionally, Dale C. Eisenman, CCIM, an Argus Broker Affiliate, has done some very provocative thinking about 1031 Exchanges that he will share on this call. You don't want to miss it! Join us either Wednesday, November 9 or Monday, November 14 at 2:00pm EST.
Click Here to RSVP by e-mail or call 1-800-55-STORE by Neal Gussis If you’re thinking about financing, start directing your thoughts to 2006. With the average loan transaction taking 45 - 75 days to complete, time is clearly running short for a 2005 deal. The Federal Reserve has recently faced the difficult balancing act of offsetting the inflationary effects of a growing economy against the negative impact of higher energy prices and the huge fiscal stimulus of post-Katrina reconstruction spending. For the eleventh time, the Fed increased short-term lending rates by another .25%. Throughout these increases long-term rates have remained relatively stable, however, long-term rates have crept up nearly .5% in the past 30 days. Today, the 10-year Treasury hovers around 4.5%. Based on that Treasury yield, conduit lenders are still offering 10-year fixed rate loans that equate to 5.65% fixed on 75% to 80% loan-to-value requests. Compare this to a current Prime Rate of 6.75%, and you can see that good deals are still available. Whether you are thinking of buying, selling or refinancing, bank on the value of self-storage property. As Mike McCune recently wrote in the Mini Storage Messenger: “Never before have prices been higher for self storage properties, in absolute dollars or in relation to the income they produce…This is almost exclusively the result of the lowest interest rates in 45 years.” Neal Gussis is a Principal at Beacon Realty Capital and can be reached at 312-207-8240. You can visit Beacon’s website at www.beaconrealtycapital.com.
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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 Self Storage Economics Releases Two New Publications The 2005 Self-Storage Expense GuideBook, compiled by Self Storage Economics and published annually by MiniCo, Inc., is now available. This publication provides common terminology and methodology for facility expenditures and can be a valuable guide or benchmark that can be used as a tool for analysis. For more information on the GuideBook, click here
The
September 2005 issue of Mini Storage Messenger contains an article that
summarizes the results of the Winter 2005 Investor Survey published by
Self Storage Economics.
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 List
your event for free...
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Come to the BEST ADDRESS in the industry!
Advertise
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
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Interest Rates, Cap Rates - Are You Willing to Bet the Farm? What do we know about interest rates today? We know they're very hard to predict in the short run. We know they're currently at 42-year lows and have remained there longer than at any other time in the last century. We know that low interest rates have a very positive (if not perfect) correlation to higher real estate values - the lower the rate, the higher the value. And we know, unfortunately, higher interest rates depress real estate prices. At the time of this writing, the Federal Reserve has raised the short-term rates for 10 months running and indicated that it intends to keep raising them until long-term rates go up. The Fed isn't sure why, but the long-term rates (10 years or longer) have not gone up with short-term rates as they have in the past. Do you want to learn more? Click here to read the full article.
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