Contributing Editors

Don’t Be Surprised if More Big Dogs Start to Feast on the Self Storage Industry

by Kim Kilpatrick May 9, 2014 11:39 PM
Have you ever heard the saying (or seen the t-shirt) that if you can’t run with the big dogs you should stay on the porch? Currently the ‘big dogs’ in the self storage industry are so outnumbered that they can’t really tell the pack what to do, but it appears like there very well could be more and bigger dogs on the way! [More]

It Was an Active Year for the Self Storage Industry in 2013

by Holly Robinson March 4, 2014 11:51 PM
When people look back at the end of a year they like to see certain things. Did they do anything? Did they grow—physically and metaphorically? Did they just watch the world go by or were they actively trying to make their mark in it? Does the future look any better for what they did or didn’t do? [More]

Self Storage is Where It's At

by Kim Kilpatrick May 7, 2012 9:02 PM
There is a song by the artist Beck that had a hook that went something like this: Where it’s at/ I got two turntables and a microphone. People are always trying to figure out where “it” is at. If recent indications are any proof, at least when it comes to real estate investments, the self storage industry is where it is at. [More]

A Healthy Self Storage Industry is Reason for Thanks

by Tony Gonzalez November 23, 2011 9:08 PM
The number of businesses that are failing around the country can be depressing. Some goods and services just aren’t doing well giving the current economic climate. In fact, in the last year the self storage industry had over $20 billion in revenue. [More]

Another REIT Soon to Join the Self Storage Fray

by Winnie Hsiu October 18, 2011 5:37 PM
If there is one thing that can be counted on in the business world it is the fact that a good idea is going to be copied by others. It will not be copied by just a couple, but by as many people as possible until a market is saturated. As long as a business is profitable, what’s wrong with emulating success? [More]

Self Storage Industry an Industry in Transition

by Tony Gonzalez August 1, 2011 1:40 PM
Over the last 15 years, the self storage industry has grown by approximately 65 percent; a rate of growth that is respectable for any industry. However, the rate of growth in new facilities has reduced dramatically over the last four years. Last year there were less than 250 new facilities constructed. [More]

Real Estate Expert Predicts Self Storage Will Bounce Back First

by Tony Gonzalez April 1, 2010 4:22 PM
Grubb & Ellis AGA US Realty Fund manager Jay Leupp predicted Wednesday that self storage real estate will bounce back before most of the rest of the real estate market, probably within a year or two.

“We see commercial real estate in the early stages of a three- to five- year recovery,” Leupp told an interviewer from Wednesday’s Fund Manager Five Spot feature, a regular feature featured by The Street in which prominent investment fund managers recommend stock picks in answers to five quick questions. “The sector recoveries will be at different paces though. We see apartments, health care real estate and some of the specialty areas, like self-storage, recovering very soon, over the next 12 to 24 months.” [More]

Extra Space Closes Joint Venture with Harrison Street Real Estate

by Winnie Hsiu January 28, 2010 1:10 PM
Extra Space Storage announced yesterday that it has closed a joint venture with a Harrison Street Real Estate Capital (HSRE) affiliate. HSRE and Extra Space each received a 50 percent interest in the joint venture, to which HSRE had contributed about $15.8 million in cash, while Extra Space contributed 19 wholly-owned properties in California, Florida, Nevada, Ohio, Pennsylvania, Tennessee, Texas, and Virginia. The properties secured about $101 million in debt, which was assumed by the joint venture. Extra Space will continue to operate the 19 properties.

"There's a couple of reasons behind it: to generate a little bit of cash, to offload a little bit of debt into the joint venture," Extra Space's vice president of marketing and corporate communication, James Overturf, explained to the Salt Lake Tribune today. "It de-leverages us a little bit....But more than anything, it establishes a relationship with a really good joint venture partner." [More]