There have been fewer sales in 2008 and 2009 than seen in previous years. The reduced number of sales is due in some degree to the lack of credit available and the particular aversion to risk on behalf of lenders as well as investors in the current market. The uncertainty surrounding the ultimate fallout from [...]

Accurate valuation is enhanced by solid operating history. However, it is common to rely upon expense comparable data when valuing properties through direct capitalization. Understanding how operating expenses vary from region-to-region is key, especially for specialized lenders and investors looking to expand into other national markets. The table to the right is a sampling of [...]

Now that the effects of the credit crisis have become more fully evident while continuing to grip our economy, 2009 has revealed a repositioning within the real estate markets. Commercial real estate values are returning to the core fundamentals that always drove the market prior to the rise of Commercial Mortgage Backed Securities (CMBS). [...]

Jeffrey R. Shouse is the National Practice Leader of Self Storage Facilities for PGP Valuation, Inc. Jeff is located in the Sacramento California office and leads a group of appraisers located all over the United States. The National Practice group is able to appraise Self Storage Facilities located anywhere in the United States.
Jeffrey R. Shouse [...]

Bruce Nell is the National Practice Leader of Manufactured Home Communities (MHC) for PGP Valuation, Inc. Bruce is located in the Columbus Ohio office and leads a group of appraisers located all over the United States. The National Practice group is able to appraise any MHC located anywhere in the United States. 
Bruce has developed a [...]

By Greg Sukenik, Senior REIT Analyst, Zacks & Co.
Despite a slightly rally on April 6th, equity REITs posted a 32% decline in the 1st quarter (FTSE NAREIT Equity Index). In March, REITs we up about 4%.
Shopping center and Industrial REITs were the worst performing sectors, each declining about 41% in the quarter. Manufactured Housing was [...]

Market Intelligently
Don’t Give it Away for Free
Leverage Zoning
Maximize Unit Efficiency
Image Is Everything
Put Your Best Face Forward
Track Your Performance
Know Your Neighbor
Utilize Security
Storage Income is not Everything

1.) Market Intelligently – Are you maximizing your marketing dollar?Are you thinking outside the box? A variety of marketing tools exist intoday’s self-storage industry. In addition to traditional media types such as [...]

How have the Capital markets affected lending for the self storage industry?
Like most other income property classes, with the exception of apartments, financing for self-storage properties has been hard hit with limited capital available in today’s market. Because of the management intensive nature of self-storage, lenders including banks and insurance companies who once were willing [...]

There have been fewer sales in 2008 than seen in previous years. The reduced number of sales owes in some degree to the lack of credit available and theparticular aversion to risk on behalf of lenders as well as investors in the current market. The uncertainty surrounding the ultimate fallout from the downturn inthe national [...]

Accurate valuation is enhanced by solid operating history. However, it iscommon to rely upon expense comparable data when valuing propertiesthrough direct capitalization. Understanding how operating expenses varyfrom region-to-region is key, especially for specialized lenders and investorslooking to expand into other national markets. The table to the right is asampling of over 200 expense comparables located [...]

(Info provided by Self-Storage SSA)
• At year-end 1984 there were 6,601 facilities with 289.7 million square feet of rentable self-storage in the U.S. At year-end 2008, there were 51,250 “primary” selfstoragefacilities representing 2.35 billion square feet. This represents an increase of more than 2.0 billion square feet.
• The top 5 self-storage companies, including the four [...]