Contributing Editors

BSC Group Performance Strong Through First Half of 2011

by John Stevens July 26, 2011 7:07 PM
The BSC Group, LLC, a leading commercial real estate financing advisor and provider of debt and equity capital solutions with a special emphasis on the self storage market, announced its midyear update for 2011. [More]

Self Storage Ranks as Ruler of the REITs

by John Stevens June 9, 2011 10:14 AM
It is REIT week and self storage investors have a reason to party. The annual meeting, sponsored by the National Association of Real Estate Investment Trusts (NAREIT), opened in New York on Tuesday just in time for investors to celebrate the strong performance that the U.S. Real Estate Investment Trust (REIT) industry has posted so far this year. And self storage is leading the pack. Nearly all major property types posted double-digit gains, but self storage companies outshined with an 18.4 percent return. In the last 12 months, self storage REITs returned 29 percent. [More]

Florida Seminar Focuses on the Ever-Popular Self Storage Auction

by John Stevens March 3, 2011 12:35 PM
It comes as no surprise that the Florida Self Storage Association (FSSA) will host a three-hour seminar on storage unit delinquencies, lien laws and the auction process on March 31. The hugely-popular TV show, “Storage Wars” has thrust the self storage industry into the limelight and attracted auction bidders in droves across the country – many of whom are novices. Self storage operators now face high numbers of auction attendees as well as a need to understand the legal process behind a lien sale and how to run a safe and secure auction. [More]

Pittsburgh Self-Storage Market Continues to Improve

by John Stevens December 16, 2009 1:38 AM
Earlier this month, Global Self Storage, in San Bernardino County, California, sold for $4.5 million after having been foreclosed upon earlier in the year. This Monday, in another early indication of the improving economy and the rising market for self storage facilities, Strategic Storage Trust, Inc. (SSTI), bought two new self storage facilities in Pittsburgh, Pennsylvania, for a combined purchase price of $5.7 million, paid in cash.

SSTI bought one property on Landings Drive, and one on Lebanon Road, in Pittsburgh. Both properties were previously owned by Sovran Acquisition Group. Together, the facilities will become part of a new self-storage brand established by SSTI in mid-November: Smart Stop Self Storage. SSTI hopes eventually to re-brand all its properties, of which there are 24 in 13 states, with the Smart Stop name. [More]