Contributing Editors



Self Storage Considered a Good Investment in Europe

by John Stevens October 6, 2010 10:27 AM
In Europe as in the United States, real estate analysts are recommending self storage as an investment worth considering, compared to other areas of the real estate market (such as residential and retail properties), which are foundering. [More]

Self Storage Facilities Selling Well in Challenging Real Estate Market

by Kim Kilpatrick September 29, 2010 3:49 PM
Although the real estate market is still struggling in response to the recession, one sector of the market is still doing well: self storage. Several self storage facilities have either opened or changed hands in the last few weeks, some in all-cash transactions. Below is a state-by-state breakdown of some recent self storage real estate news: [More]

Australian Investors Looking for Self Storage Opportunities

by John Stevens September 22, 2010 10:47 PM
About a year ago, two pioneers of the Australian self storage industry, Dallas Dogger and Sam Kennard, reported in Inside Self-Storage that the Australian self storage market was starting to decline. New inquiries about self storage in Australia had, as of last November, dropped about 10 to 20 percent from their peak in 2007 and 2008, possibly in response to the global recession. Earlier today, though, several investors reported in The Australian that the Australian self storage market is beginning to heat back up. [More]

Tide Turning in Real Estate Markets; Self-Storage to Outperform the Rest

by Winnie Hsiu December 30, 2009 7:32 AM
The Wall Street Journal this morning predicted a much more stable real estate market for 2010 than the wild ride the market took investors for in 2009.... the WSJ reports that the Dow Jones Equity All REIT (Real Estate Investment Trust) Total Return Index is up 31% this year, which means that it has improved over its 2008 performance, when it was down 38%. In 2009, the real estate market showed its strongest performance since 2006. It even outdid the Standard & Poor's 500-stock index, which posted a 25% return. "It's been very much a roller coaster ride this year," noted Goldfarb. "And we're about to end this year on a high note."
....Lucas told the WSJ that he expected self-storage to be one of three types of REITS that will outperform the rest of the market (the other two are industrial and student-housing REITs). Self-storage can be expected to do well because it does not depend on the creation of new jobs. The recession has been less damaging to the self-storage industry, in general, than it has been for other real estate businesses. According to Inside Self Storage, this is partly because self-storage owners use 30-day leases, and therefore have the flexibility to change their rates immediately in response to changes in the market and to changes in demand. ISS also attributes the stability of self-storage companies to the fact that self-storage business owners, unlike the REITs Kirby refers to, tend not to over-leverage their businesses -- they are more likely to keep their leverage within responsible limits. As a result, they are less vulnerable to sudden shifts in the market.... [More]
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