IRE Announces the sale of Cambridge Valley Self Storage in Cambridge, NY

IRE Announces the sale of Cambridge Valley Self Storage in Cambridge, NY

PRESS RELEASE: York, PA – October 12, 2017 – Sale of Cambridge Valley Self Storage in Cambridge, NY Investment Real Estate, LLC announces the sale of Cambridge Valley Self Storage for $910,000 to a private investor. Cambridge Valley Self Storage is located in Cambridge, NY in Washington County, just 40 miles northeast of Albany. Cambridge Valley Se...

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IRE Announces Gilliland Served as a Key Presenter at SSA Economic Summit

IRE Announces Gilliland Served as a Key Presenter at SSA Economic Summit

PRESS RELEASE: York, PA – September 28, 2017 – Announces Gilliland Served as a Key Presenter at SSA Economic Summit Investment Real Estate, LLC is proud to announce that John H. Gilliland, President & CEO, was a key presenter at the Self Storage Association (SSA) Economic Summit at the SSA Fall Conference & Trade Show in Vegas on September...

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Preparing to Purchase a Self Storage Facility, Part 2:
Building Your Team of Professionals,
Once You’re Ready to Buy

Preparing to Purchase a Self Storage Facility, Part 2:<br />Building Your Team of Professionals,<br />Once You’re Ready to Buy

In Part 1, we covered the members you’ll need on your team before you even start looking at properties. Now that you’ve got those in place, and a list of a few properties you’re interested in investigating further, who else do you need? These team members are essential in helping you make an offer and […]

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IRE Announces Sale of Susquehanna Valley Self Storage in Lewisberry, PA

IRE Announces Sale of Susquehanna Valley Self Storage in Lewisberry, PA

PRESS RELEASE: York, PA – September 7, 2017 – Sale of Susquehanna Valley Self Storage in Lewisberry, PA Investment Real Estate, LLC announces the sale of Susquehanna Valley Self Storage for $1,875,000 to a private investor. Susquehanna Valley Self Storage is located in Lewisberry, PA in York County, just 10 miles south of Harrisburg. Susquehanna Va...

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Why SBA Loans Are Beneficial For The Self Storage Industry

Why SBA Loans Are Beneficial For The Self Storage Industry

Submitted to Investment Real Estate by Terry Campbell, Live Oak Bank After years of pent-up demand from no building, the self storage industry has seen significant growth in the last couple of years. If you’re a current self storage owner or looking to break into the industry, an SBA 7(a) loan may be just what you […]

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IRE Announces the Sale of Parkway Storage in Wilkes-Barre, PA

IRE Announces the Sale of Parkway Storage in Wilkes-Barre, PA

PRESS RELEASE: York, PA – July 20, 2017 – Sale of Parkway Storage in Wilkes-Barre, PA Investment Real Estate, LLC announces the sale of Parkway Storage for $1,360,000 to Self Storage Station, owned and operated by a local investment group. Parkway Storage is located in Luzerne County on Sans Souci Parkway, Wilkes-Barre, PA. The property consists of...

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Preparing to Purchase a Self Storage Facility, Part 1:
Building Your Team of Professionals,
Before You Start Looking for Properties

Preparing to Purchase a Self Storage Facility, Part 1:<br />Building Your Team of Professionals,<br />Before You Start Looking for Properties

In the last few years, self storage has become an increasingly popular investment, in great part because returns over the last 15 years averaged 15.43% per year. Compared to some investments, self storage also seems easier to understand with less moving parts. With approximately 83% of self storage facilities owned by “Mom & Pop” operators, [...

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IRE Announces the Sale of A+ Self Storage in Gettysburg, PA

IRE Announces the Sale of A+ Self Storage in Gettysburg, PA

PRESS RELEASE: York, PA – May 25, 2017 – Sale of A+ Self Storage in Gettysburg, PA Investment Real Estate, LLC announces the sale of A+ Self Storage for $1,625,000 to a private investment group. A+ Self Storage is located in Gettysburg, PA in Adams County. A+ Self Storage consists of two locations and was built in […]

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Preparing to Buy a Self Storage Facility

Preparing to Buy a Self Storage Facility

Preparing to Buy a Self Storage Facility Making the Right Investment Strategy Are you preparing to buy a self storage facility? In the last few years, self storage has become an increasingly popular investment, in great part because returns over the last 15 years averaged 15.43% per year. Compared to some investments, self storage also […]

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IRE Announces Sale of Chestnut Mill Storage in Souderton, PA

IRE Announces Sale of Chestnut Mill Storage in Souderton, PA

PRESS RELEASE: York, PA – March 23, 2017 – Sale of Chestnut Mill Storage in Souderton, PA Investment Real Estate, LLC announces the sale of the Chestnut Mill Storage for $1,350,000 to a private investor. Chestnut Mill Storage is located in Souderton, PA in Montgomery County. Chestnut Mill Storage consists of one building which was converted to self...

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Preparing to Place Your Self Storage Business for Sale

Preparing to Place Your Self Storage Business for Sale

“Buy low, sell high.” It’s a maxim that we are all familiar with, but fail to apply. The real estate market typically follows predictable cycles every 7-10 years. Property values reach an all time high, hold steady for a short time, then the market levels off and eventually crashes. Understanding the various stages of this […]

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IRE Hires George Hatchard as Brokerage Advisor

IRE Hires George Hatchard as Brokerage Advisor

PRESS RELEASE: York, PA – February 2, 2017 – IRE Hires George Hatchard as Brokerage Advisor Investment Real Estate, LLC announces the hiring of George Hatchard as Brokerage Advisor. George is responsible for self storage brokerage activity including listings, sales, buyer representation, due diligence, financial analysis and feasibility studies for...

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IRE Announces Sale of Storage Concepts in Hamburg, NJ

IRE Announces Sale of Storage Concepts in Hamburg, NJ

PRESS RELEASE: York, PA – November 11, 2016 – Sale of Storage Concepts in Hamburg, NJ Investment Real Estate, LLC announces the sale of Storage Concepts for $5,942,000 to a private investment group. Storage Concepts is located in Hamburg, NJ in Sussex County, and was sold as part of a three property portfolio. Storage Concepts is comprised of three...

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IRE Announces Sale of CNS Self Storage in Egg Harbor, NJ

IRE Announces Sale of CNS Self Storage in Egg Harbor, NJ

PRESS RELEASE: York, PA – November 11, 2016 – Sale of CNS Self Storage in Egg Harbor, NJ Investment Real Estate, LLC announces the sale of CNS Self Storage for $2,125,000 to a private investor. CNS Self Storage is located in Egg Harbor, NJ in Atlantic County. CNS Self Storage is comprised of six single story buildings with […]

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IRE Announces Sale of Storage Concepts in Dingmans Ferry, PA

IRE Announces Sale of Storage Concepts in Dingmans Ferry, PA

PRESS RELEASE: York, PA – October 27, 2016 – Sale of Storage Concepts in Dingmans Ferry, PA Investment Real Estate, LLC announces the sale of Storage Concepts for $3,213,000 to a private investment group. Storage Concepts is located in Dingmans Ferry, PA in Pike County, and was sold as part of a three property portfolio. Storage Concepts has three...

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IRE Announces Sale of Storage Concepts in Middletown, NY

IRE Announces Sale of Storage Concepts in Middletown, NY

PRESS RELEASE: York, PA – September 29, 2016 – Sale of Storage Concepts in Middletown, NY Investment Real Estate, LLC announces the sale of Storage Concepts for $5,345,000 to a private investment group. Storage Concepts is located in Middletown, NY in Orange County, and was sold as part of a three property portfolio. Storage Concepts consists of fi...

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IRE Announces Sale of Rick’s Storage in Batavia, NY

IRE Announces Sale of Rick’s Storage in Batavia, NY

PRESS RELEASE: York, PA – September 22, 2016 – Sale of Rick’s Storage Investment Real Estate, LLC announces the sale of the Rick’s Storage for $440,000 to a private investment group. Rick’s Storage is located on Route 5 in Batavia, which is in Genesee County, New York. Rick’s Storage consists of six single story buildings with over 115 [...

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IRE Promotes Kevin Bledsoe to VP of Brokerage

IRE Promotes Kevin Bledsoe to VP of Brokerage

John Gilliland, President & CEO of Investment Real Estate, LLC proudly announces the appointment of Kevin Bledsoe to the position of Vice President of Brokerage. Mr. Bledsoe will head the company’s brokerage sales operation. His responsibilities include property sales, due diligence, financial analysis, feasibility studies and overseeing the sa...

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IRE Announces Sale of Lanco Mini Storage

IRE Announces Sale of Lanco Mini Storage

PRESS RELEASE: York, PA – September 1, 2016 – Sale of Lanco Mini Storage Investment Real Estate, LLC announces the sale of the Lanco Mini Storage for $7,325,000 to a private investment group. Lanco Mini Storage is located on the east side of Lancaster city, in Lancaster County, PA. Lanco Mini Storage consists of eight […]

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Curb Appeal…It’s Important! Part 2: Branding, Signage, Fresh Marketing for Self Storage

Curb Appeal…It’s Important! Part 2: Branding, Signage, Fresh Marketing for Self Storage

Curb Appeal…It’s Important! Part 2: Branding, Signage, Fresh Marketing for Self Storage In our last blog on Curb Appeal – Part 1: Fencing, Lighting, Landscaping and More – we reviewed how the appearance of your property can affect a current or potential customer – everything from the fencing to the storage doors. You know, the stuff […]

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Curb Appeal…It’s Important for Self Storage Marketing! Part 1: Fencing, Lighting, Landscaping and More

Curb Appeal…It’s Important for Self Storage Marketing! Part 1: Fencing, Lighting, Landscaping and More

Curb Appeal…It’s Important for Self Storage Marketing! Part 1: Fencing, Lighting, Landscaping and More You often hear the phrase, “Make a Good First Impression”, and that rings true for the appearance of your self storage facility more than you may realize. In this two-part blog on Curb Appeal, we’ll review the items that need to […]

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Interested in Expanding or Developing a Site? Part 2: Financing a Self Storage Project

Interested in Expanding or Developing a Site? Part 2: Financing a Self Storage Project

Interested in Expanding or Developing a Site? Part 2: Financing a Self Storage Project In Part 1, we talked about the first step you should take when considering expanding or developing a site – the Feasibility Study. In Part 2, we will go over what you need to know about financing a self storage project and finding the right […]

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Interested in Expanding or Developing a Site? Part 1: Self Storage Feasibility Study

Interested in Expanding or Developing a Site? Part 1: Self Storage Feasibility Study

Interested in Expanding or Developing a Site? Part 1: Self Storage Feasibility Study One of the biggest concerns we hear about from self storage facility owners is a competitor breaking ground in their market. It’s easy to panic when you’ve toughed out the last five years and another facility has opened – soon they’ll be […]

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Benefits of Having an On-Site Property Manager

Benefits of Having an On-Site Property Manager

Benefits of Having an On-Site Property Manager So, you own one or more self storage properties. You constantly think (or worry) about revenue, expenses, unit occupancy, delinquencies, budgets, capital improvements…and the list goes on and on. Because you are on owner, you can’t really escape these things. However, you can make your life less stress...

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Why Are Self Storage Cap Rates Used To Value Properties?

Why Are Self Storage Cap Rates Used To Value Properties?

In our previous blog on Cap Rates, we provided the definition of a Cap Rate and explained how Cap Rates are used to determine the value of a self storage facility. We would like to continue this topic by helping readers understand why we use self storage Cap Rates to identify property values. First, self […]

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IRE Ranks in CPBJ’s “Book of Lists 2014”

IRE Ranks in CPBJ’s “Book of Lists 2014”

CPBJ publishes its “Book of Lists” every year in January, this year being Volume 30. This book is full of useful data to help business owners and consumers make better purchasing decisions. As a business owner, you can find areas of opportunity for future product development. Readers also use the “Book of Lists” to locate […]

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IREC Completes Renovation on 140 Mini

IREC Completes Renovation on 140 Mini

Investment Real Estate Construction, LLC (IREC) announces the renovation of the 140 Mini Storage facility outside of Baltimore, MD in Finksburg. Finksburg is located in Carroll County, MD. The property is located at 3240 Old Westminster Pike in Finksburg, sitting off Baltimore Blvd three miles west of Interstate 795. Not only did IRE broker the sal...

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IRE Offers 315 Unit Storage Facility Near Reading, PA

IRE Offers 315 Unit Storage Facility Near Reading, PA

Investment Real Estate (IRE) announces the availability of a storage facility for sale, Leesport Self Storage located at 81 Ashley Way in Leesport, Pennsylvania. The facility opened in 2005. It sits on 3.68 acres of land zoned for IC-Industrial/Commercial use. Public water and sewer connects to the property. The storage facility for sale offers a n...

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IRE Closes Deal on 43,000+ Sq Ft Self Storage in Fulton, NY

IRE Closes Deal on 43,000+ Sq Ft Self Storage in Fulton, NY

Investment Real Estate, LLC of York, PA announces the closure of a deal for Fulton Storage, LLC to purchase the Galizia’s All-Safe Storage facilities in Fulton, NY. The purchase of the storage facilities was finalized on November 21, 2013. Galizia’s has two storage facilities in Fulton, with the primary location sitting between Route 481 and Route...

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Reflections on the 2013 Inside Self Storage World Expo

The ISS World Expo was the place to be earlier this month, as self storage owners from around the globe met in Las Vegas to be inspired by best business practices for this incredible industry. To kick off the event, the president of Human Capital Solutions, Sherri Elliott-Yeary led an informative opening session on how […]

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Philly Welcomes the Self Storage Association in 2013!

Have you heard? The Self-Storage Association is hosting the Spring Conference and Trade Show in Philadelphia from April 22-24, at the Marriott Downtown. This is the only national self storage conference on the east coast this year, and the place to be for anyone in the industry. From education from the experts to networking with […]

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Why Sell Self-Storage Property Now?

If you’ve been kicking around the idea of selling your self-storage property, there’s no time like the present. Recently, self-storage property values have hit a historic high. Here’s why: Capitalization rates are down REITs (real estate investment trusts) are in the market to purchase properties The CMBS (Commercial Mortgage Back...

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$20 Million Central PA Portfolio Sale

$20 Million Central PA Portfolio Sale

The Storage Depot, a 5 property portfolio of Class A stores, was recently sold to a regional self storage owner and operator. Each of the 5 stores are located in and around Harrisburg, Pennsylvania, the state capitol. The seller proudly developed some of the first self-storage properties in the area. Each Class A facility enjoys […]

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Self Storage REITs: Highlights for 4th Quarter 2012 and Full Year Results

Here is a summary of the Self Storage REITs Highlights for the 4th quarter as well as 2012 full year results: Public Storage (PSA) Same Store Results Revenue increased 4.9%, expenses decreased 1.7% and NOI increased 7.9%. SF occupancy was 91.8% vs. 90.2%. Average rent per SF was $12.59. Investment Activity Acquired 10 stores for […]

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Sold: Self Storage Facilities in Bordentown and Lumberton, NJ

The next transaction we are featuring is a two property portfolio with store locations in Lumberton and Bordentown, New Jersey. Lumberton Self Storage, in Lumberton, NJ, included 728 units on 9.1 acres, an on-site management office and apartment with a total of 93,975 SF. Mansfield Self Storage, located in Bordentown, NJ, included 388 units on [...

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Recent Acquisition at Sheriff Sale of Extra Space Storage

Extra Space Storage, Quakertown, Pennsylvania, was acquired by East Penn Self Storage, headquartered in Center Valley, Pennsylvania. The facility is located on busy Route 309 and includes 41,700 SF and 334 units. The facility will undergo renovations and updating and will be re-branded East Penn Self Storage. The sale was consummated through the sh...

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Sold: Shrewsbury Self Storage

Sold: Shrewsbury Self Storage

The next property we want to feature that was recently sold is Shrewsbury Self Storage. Here is a little bit about the self storage facility. Shrewsbury Self Storage is an over/under and single story facility was over 90% occupied at the time of sale and included 34,975 square feet and 256 units. 33 units provide […]

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Sold: Advanced Storage Systems

Sold: Advanced Storage Systems

We had a great end to 2012. We are highlighting the properties that were sold that helped us make 2012 so wonderful. The first one we want to feature is Advanced Storage Systems. John assisted both the seller and the buyer. Advanced Storage Systems is located on 4050 Whipple Avenue, Canton, Ohio. The facility is […]

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All About JB, our VP

All About JB, our VP

John or “JB” as we affectionately call him, is responsible for the daily operation of the self storage brokerage business for our company. This includes property sales, due diligence, financial analysis and feasibility studies for properties throughout the Northeast and Mid-Atlantic States. He joined IRE in 2007 and became a top producer in sales i...

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Focus on the REIT’s Part IV: Sovran Self Storage

Focus on the REIT’s Part IV: Sovran Self Storage

Our fourth and final focus on the REITs series brings us to Sovran Self Storage, Inc. Sovran Self Storage, Inc. was founded in 1982. Their headquarters are in Buffalo, New York. Sovran is a fully integrated, self-administered and self-managed real estate investment trust (REIT) that acquires and manages self storage properties. Sovran owns and/or o...

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Focus on the REITs Part II: CubeSmart

Focus on the REITs Part II: CubeSmart

Our next REIT focus is CubeSmart. Here is a little history about them. CubeSmart is a “self-administered and self-managed real estate company focused on the ownership, operation, acquisition and development of self-storage facilities in the United States.” Their top priorities are to offer reasonably priced, easily available and safe storage space...

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CubeSmart Self Storage – Q3 Earnings Report

We are continuing to look at the REITs quarter 3 earnings reports. Our next focus is CubeSmart. CubeSmart owns and/or manages 518 self-storage facilities across the U.S. They also operate the CubeSmart Network, which consists of approximately 825 additional self-storage facilities. CubeSmart released its earnings in a call Nov.8th. Here is our summ...

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Extra Space Storage – Q3 Earnings Report

Extra Space Storage – Q3 Earnings Report

Extra Space released its quarterly earnings on Oct. 29. The company hosted a conference call at 1 p.m. ET on Oct. 30 to discuss the results. The call was hosted by Spencer Kirk, CEO, Scott Stubbs, Executive Vice President and Chief Financial Officer, and Karl Haas, Executive Vice President and Chief Operations Officer. Third-quarter performance [...

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Sovran Self Storage – Q3 Earnings Report

Sovran Self Storage just released their quarterly results after the market closed on Oct. 31. The conference call discussed their financial results and overall operations. Here is a summary of what was discussed. Excluding acquisition and financing costs, FFO per share was $.88 vs $.72 in 2011. Stronger occupancy, lower operating costs and reduced...

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Our Latest Closings in Virginia and Maryland

Our Latest Closings in Virginia and Maryland

We are very excited about our latest closings in Virginia and Maryland. Americana Self Storage in Chantilly, Virginia closed recently. The facility had an impressive three two-story buildings plus a rental office. The facility has 72,000 rentable square feet, with a total of 862 units as well as RV parking spaces. The facility has enjoyed […...

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Another Great PASSA Show

We had the opportunity to attend the latest PASSA Self Storage Facility Owners Meeting & Luncheon that was held at the Sands Hotel in Bethlehem, PA on May 17th. The day included a talk by Investment Real Estate Vice President, John Barry. JB’s talk included insights on the current self-storage real estate climate, discussion on […]

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Getting to Know the Pennsylvania Self Storage Association

Getting to Know the Pennsylvania Self Storage Association

PASSA, or the Pennsylvania Self Storage Association, will be having their annual self-storage Meeting May 17, 2012 in Allentown, PA. We have been involved with PASSA for many years and in fact, self storage broker John Barry, our VP, is the current Vice President of their Board. They are a great group of people and […]

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REITs Releasing Quarterly Results

It’s that time again, another quarter has flown by and the REITs, or Real Estate Investment Trusts, are getting ready to post their earning statements for the fiscal quarter and we are pretty excited to hear what they have to say. If you haven’t already, check out their calls: CubeSmart. CubeSmart will release its quarterly […]

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Follow-Up from Las Vegas – ISS World Expo

Last month we attended the Inside Self Storage World Expo in Vegas. This show is the biggest self storage industry show of the year. It drew hundreds of self-storage owners, operators, investors, builders and vendors from around the country — and from around the world. The event provided self storage exhibits, education, workshops and more [...

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Optimism and Equilibrium

Optimism and Equilibrium

There is always a lot of talk about what the best types of investments are. There are arguments for apartments, offices, hotels, or self storage being the best. Self Storage has always been known to be a bit of a recession-resistant industry but last year’s self storage REITs results are outstanding. “This recession resistance can […]

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Noteworthy

There is a lot of self storage buzz out there. Companies are reporting their quarterly earnings, making some big changes and a lot is happening in the industry and beyond. One of our jobs is to keep track of everything having to do with self storage brokerage and real estate in general. Here is what […]

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Self Storage Investment – Drivers Wanted

We read this great article on the Inc. website about what it takes to be an entrepreneur. We think this article is so interesting because it really addresses the common misconception that most entrepreneurs start out with money. The truth is, “Entrepreneurship is the pursuit of opportunity without regard to resources currently controlled,” says HBS...

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Looking back on 2011

2011 may have started off slow but it really picked up some steam as the year went on. We think these are the greatest highlights from the market in general and from our company: Cap rates now back to levels we saw at the top of the market in 2006-07. Transaction volume picking up steam […]

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Is the Time Now?

We get asked a lot, “How are things really going in the self storage brokerage industry?” To answer this question and more click here to check out this great article Market Update for Northeast & Mid Atlantic Markets written by John Barry. Here is a short excerpt. “Well, real estate is always good, as far […]

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