Category: Finance News

With nearly 30 years’ experience in self storage investment sales Craig Rice and Cole Rice of CSD Realty Company represent clients ranging from private investors to large-scale REITs in the acquisition and disposition of self storage assets. Our team has closed hundreds of self-storage properties including the following recent transactions: Craig Rice & Cole Rice of CSD Realty represented the seller and procured the buyer in the sale of a 421-unit, 52,480 square foot self storage facility formerly known as A-Another Storage to Merit Hill Capital, LP, a real estate…

As $430 billion of the $2.3 trillion in outstanding  commercial and multifamily mortgage debt matures in 2021, borrowers with cash-flowing properties will find mortgage capital waiting to soften the landing. “There’s a strong appetite for lenders to make loans right now,” said Jamie Woodwell, vice president of commercial real estate research for the Mortgage Bankers Association. ”That means there’s plenty of capital looking to get invested in mortgages and equity, as well.” The big challenge in an increasingly vaccinated post-COVID-19 world will be identifying which properties will be able to…

Horizon Land Co. has spent $743.3 million to buy a portfolio of manufactured housing communities, a self storage property and RV pads across the country. The company financed the acquisition through a JPMorgan Chase-originated $488.6 million first lien acquisition loan, an additional $40 million mezzanine financing and $258.8 million of sponsor equity. The portfolio comprises 93 manufactured housing communities totaling 11,129 pads that include: – 10,897 manufactured housing pads – 194 RV pads – 38 site-built homes – a self storage facility with 136 units. The collection spans 13 states…

Ben VestalArgus Self Storage Advisors As the U.S. economy continues to recover, many investors are turning their attention to the potential risk of inflation and how it will impact commercial real estate investments. The self storage business model of short term, month-to-month leases and a fixed base expense model is setting self storage owners up to outperform other commercial real estate sectors.  We have learned that the ability to raise or reduce rents quickly allows self storage owners to outperform the market. Regular rent increases on the existing tenant base…

Ben VestalArgus Self Storage Advisors With a new Presidential administration in office, tax planning is becoming increasingly more relevant and important to investors.  When it comes to real estate and self storage, it is important to pay attention to newly proposed policies and plans that will have an impact on your investments.  The Biden-Harris plan was published as a component of the platform for the Democratic Party and will require Congress to pass it. Although it will likely have extensive amendments before it is finalized, the plan is clearly taking…