Education

The Bottoming of Storage Fundamentals

Here’s what you need to know about the storage earnings calls I listened to over the last week:

Analyzing Commercial Real Estate Lending Amidst Market Shifts

On October 31, 2023, the Wall Street Journal published an article titled “Commercial Real Estate Lending Slows Down”. Click here to read the online article re-titled “The Money Has Stopped Flowing in Commercial Real Estate."

Self Storage Development Opportunity of a Lifetime

The lending environment remains as tough as it has ever been in self storage.

Unique Times for Commercial Real Estate Banking

Soliciting feedback from our peers in commercial real estate private equity, we confirm our belief that very few transactions are occurring. The headwinds are strong.

Is Seller Financing Creating Buying Opportunities in Value-Add Self Storage?

Based on recent broker feedback, around 50% of all current value-add self storage acquisition opportunities offer the buyer some component of owner financing. This financing structure was unheard of just a couple of years ago when bank financing was...

Why the run-up in residential home prices ends differently this time

Last week, we discussed the reasons behind the near-term slowdown in demand for storage in, What's going on with storage demand?

What's going on with storage demand?

One of the best features of storage is how diverse the demand drivers are, meaning there are a lot of different reasons why people use it. Many of those reasons are largely static in nature; they happen regardless of the state of the economy.

Self Storage Acquisitions Are Heating Up

The Efficient Market Hypothesis (“EFH”) suggests that financial markets efficiently incorporate all available information into asset prices.

The Most Overused and Unreliable Self Storage Underwriting Metric

You sell air conditioners, and your boss points out the following statistics:

The Death of On-Demand Self Storage

Last month the largest on-demand storage company, Clutter, sold itself in a distressed sale to Iron Mountain for $40MM. Clutter, and its predecessors, raised $439MM over the last decade trying to disrupt the traditional storage model by offering...