The REIT M & A Boom Continues with Record-Breaking Year

Outperforming strong expectations and driven both by strategic and private capital, 2021 has already been a record year for REIT M&A, which hit $108 billion in transaction volume as of September 30, 2021. JLL’s Capital Markets M&A and Corporate Advisory group’s new M&A and Strategic Transactions Monitor report details the positive themes in the public capital markets space contributing to this unprecedented M&A surge. There is a significant demand and supply imbalance in the alternative asset classes, with high-quality platforms and assets generating strong interest from a wide array of investors.” REITs have shown strong earnings…

Software Support: Your First Line of Defense

Sometimes it can be daunting to know who to contact when something goes wrong. Support should be your first line of defense when something stops working and functionality is impacted. Whether it’s a gate not communicating with the software or a payment portal that is failing multiple payments, any loss of functionality can point to problems with back-end settings that you’ll likely need help with. Each software company has a different style of handling inquiries. Some primarily use email and phone calls to communicate with facilities. Some have an online…

List Self Storage Offers Complimentary Data Via StorTrack’s MarketView Platform (MVP)

StorTrack, the largest and most comprehensive pricing and market intelligence database available for the self storage industry, will offer complimentary data on all listings on List Self Storage (“List”), the leading national online platform for buying and selling self storage facilities. Users can choose between a one, three or five-mile radius to view market information including the number of facilities, total and rentable square footage, average rate per square foot, square footage per capita, population, median household income and known developments. In addition, an interactive map displays the location(s) of…

The Current Self Storage Landscape

Over the last twelve months, the self storage industry has gone from a desirable asset class to one of the most sought-after investments in the commercial real estate landscape. The uncertainty of the COVID-19 pandemic created a pause but 2020 would demonstrate very strong year-over-year rental growth and occupancy across most major markets. With strong performance during and emerging from the pandemic, we have seen a wave of new inventory hit the market for sale and record pricing in many markets. What is driving this wave of inventory? What is…

What Is in a Feasibility Study?

A feasibility study provides boots-on-the-ground research for a market of interest. The data collected is granular and covers all relevant components of a project including economic conditions, legal aspects and scheduling considerations. The goal is to determine the viability of a successful operation in that particular trade area by objectively evaluating the strengths and weaknesses of that market. A sample report can be viewed here.

Proactive Strategies to Drive Revenues

In today’s ultra-competitive self storage market, many independent owners are unsure about what to focus on to keep their property competitive and increase its value. With the continued growth of the REITs, regional operators and third-party management platforms, many independent operators are facing more skilled and well-capitalized competitors than ever before. So, how can an independent self storage operator not only stay competitive, but preserve and increase their value as well? It is simple; independent operators need to change their attitudes and processes to become more proactive. Below are four…

Storable Wins Three ‘Best of Business’ Awards

Over the years, the businesses that formed Storable have learned the best way to innovate and constantly deliver the best products and services to the market. Every new product, every new capability and every investment seeks to fulfill the needs we hear from owners and operators like you. That is why these awards are more than bragging rights, they are validation from the market that Storable is listening and responding with products and services that do help self storage businesses grow. Storable won the following ISS Best of Business awards:…

Self Storage Industry Reaches Point of Over Capitalization

As unprecedented amounts of capital flow into the self storage industry, many investors are expressing concerns that the industry has reached a point of over capitalization. In other words, an overabundance of capital relative to the number of investment opportunities has turned capital deployment into a daunting task. As market competition intensifies, some investors are exploring smaller market strategies, which begs the question: is this a last-ditch effort or a logical capital deployment strategy? Self storage is fueled by necessity driven demand that transcends market size, geography, income, etc. The…

Self Storage Is on Fire: Is It Crazy to Buy or Build? Probably.

If you talk to anyone in the storage industry, they will tell you that they have never seen a market as hot as this one. Existing facilities are full, rents are rising, cap rates are at historic lows and every supplier is so inundated with orders that they cannot keep up. The word ‘unprecedented’ has been used an unprecedented number of times in the last 16 months, but there is no better word to describe the self storage market – what is happening right now is unprecedented. The best advice…