Contributing Editors

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]

Crowd Funding Could Make the Self Storage Industry Popular with Small Investors

by Kim Kilpatrick December 30, 2013 11:36 PM
The Beatles and Joe Cocker made the notion of getting by with a little help from their friends into a hit song. You could even say the concept applies between the two since Joe Cocker had to get a little help (permission) from the Beatles to record his version of the song. That kind of cooperation is a concept that worked well for the music industry then, and certainly is one that can work for the self storage industry now. [More]

Self Storage Investment Activity on the Rise According to New Study

by John Stevens July 22, 2011 9:16 AM
Self storage has weathered the downturn in the economy surprisingly well and has gotten much attention from investors in the process. In fact, in the second half of 2011, self storage real estate is expected to see an increase in investor activity as banks sell off distressed assets throughout the Sun Belt, particularly in California and Florida, according to a new report from Marcus & Millichap. [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]

U.S. Self Storage Market Outpaces UK

by John Stevens May 26, 2011 8:01 AM
While the self storage industry remains robust in the United States, it is foundering in the UK. This is mostly due to a slump in England’s housing market that in turn affects moving companies which are tightly knit to the self storage industry. The UK company, Big Yellow Self Storage, said recovery in the sector was unlikely until the economy improves, bringing its shares down three percent. [More]

Interest in Self Storage Continues With New Book and ‘Crazy Tuesday’ Arriving Soon

by John Stevens April 29, 2011 7:38 AM
So far, 2011 has been a year where self storage has made its mark. It is dominating the real estate investment trusts (REITs) causing the business world to swoon, but it is also on the minds of everyday people. The popularity of reality TV shows like “Storage Wars” and “Auction Hunters” has cast a spotlight on the industry, satisfying our curiosity of what treasures and trash people choose to put in storage. And people are also simply turning to self storage because they are following the American way of acquiring more stuff or they are downsizing and need more storage space. [More]

As More People Rent Than Buy, Apartment and Self Storage REITs Enjoy Market Strength

by John Stevens April 28, 2011 6:25 AM
The stellar growth of both apartment and self storage real estate investment trusts (REITs) translates into a sure sign that the U.S. housing market is still in a slump. Analysts are noting a strong historical correlation between revenue growth with storage REITs like Public Storage and revenue growth with the apartment REITs. [More]

Self Storage Hangs Tough Through Recession, With Industry REITS Surpassing General REIT Sector

by John Stevens April 14, 2011 12:57 PM
As many industries have been battling to survive through the recession, self storage has made impressive, steady gains that investors are getting excited about. Once mostly fueled by lifestyle changes such as divorce, death or moving, self storage is being used by a much broader range of people and for a wider range of circumstances. As a result, the four publicly traded self storage REITs generated total returns of about 30 percent last year, with the first quarter of 2011 exhibiting similar strength at about 10 percent. [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]

Analysts Continue to Favor Self-Storage REITs Over Others

by Kim Kilpatrick January 11, 2010 7:51 AM
At the end of the year, business journals all over the country began evaluating the performance of REITs in the 2009 markets, and forecasting what is to come in 2010. The Wall Street Journal published an article predicting that 2010 will be a more stable year for real estate markets, and noting that REITs (real estate investment trusts) continued to do well in 2009, showing their strongest performance since 2006. The Seattle Times called REITS "some of the decade's best investments." Forbes, as well, weighed in, noting in mid-December that while REITS were risky, careful investors could still do well. Over the weekend, the New York Times jumped on the bandwagon as well.

Most analysts quoted in the media have recommended self-storage as one of the least risky REIT options available going into 2010. Analysts also recommended REITs focused on apartment buildings, shopping centers, and hotels. Toward the year's end, two California-based REITs took the advice of analysts and added more self-storage facilities to their own portfolios. Late in December, Bancap Self Storage Group brokered the sale of a Hesperia self storage facility, and Strategic Storage Trust, Inc. (SSTI) bought two Pittsburgh self-storage facilities. [More]
 1 2