In a recent article, Seeking Alpha contributor Jodi Jacobson brings Public Storage (NYSE:NYSE: PSA), a leader in the self-storage sector, into focus. The author paints an informative picture for potential investors by navigating us through the company’s resilience to macroeconomic events, sustained demand, and expected returns based on the current share price. Public Storage, one…
The NYSE-listed company, National Storage Affiliates Trust (NYSE: NSA – Get Free Report), recently saw an upgrade in its rating by research analysts from StockNews.com. The rating moved from a “sell” to a “hold” as revealed in a research report. Additionally, Morgan Stanley, Wells Fargo & Company, Truist Financial, and Evercore ISI have also recently…
Quick, Hide Your Money in a Self-Storage Unit: Navigating Construction Financing in an Economically Difficult Environment” Written by John Williamson, director of debt and equity placement for the JLL Capital Markets self-storage team, this article could also be titled “Interest Rates and Your Self-Storage Dreams: Why Finance Doesn’t Need to be Your Nightmare.” With the…
Silver Star Properties, a renowned real estate investment firm, has shifted towards the self-storage sector, evidenced by the recent acquisition of two facilities in Houston. As reported by Multi-Housing News, the facilities were purchased from Harrison Street Real Estate Capital, totaling 115,126 rentable square feet and expanding Silver Star’s footprint in the City. The properties,…
Looks Like Your Ex Just Paid Your Storage Rent! Decoding the Debacles of Self-Storage Payments. Self-storage isn’t just about stashing things in a forgotten corner; it’s about management, payments, tenants, and even their well-meaning friends or relatives who suddenly decide to help with their payments. In a recent post, industry expert Carol Mixon takes us…
Profile Piece: Cherry Ave Self Storage Transaction Overview The Cherry Ave Self Storage facility, a 1,085-unit property in Fresno, California, has been sold for $8.2 million. This strategic acquisition underscores the property’s prime location and the strong demand for self-storage solutions in the area. The transaction closed on May 15, 2024. Property Details Location: 1844…
Live Oak Bank, a digital, cloud-based platform serving small businesses in all 50 states, has promoted Anne Mino to Senior Loan Officer for the Self-Storage Lending Team. This update comes directly from Toy Storage Nation, a trusted industry source for self-storage news. Anne Mino, celebrated for her extensive understanding of the sector and specialized expertise…
As the wave of automation washes over different sectors, its impact on the self-storage industry becomes increasingly apparent. This was initially viewed with trepidation by many operators fearing job loss. However, despite the shift towards ‘unmanned’ facilities, it’s clear that human staff persists as the driving force in most operations. Today’s fiercely competitive market situation…
Transitions and Strategies: Silver Star Properties REIT’s Foray Into Self-Storage The winds of change are blowing within Silver Star Properties REIT, Inc. with the recent resignation of CEO Steven B. Treadwell, as reported originally by PR Newswire in a news release. In the face of this major shift, David Wheeler, currently serving as the company’s…
In a recent article by The Week, Singapore-based StorHub Group announced the appointment of Raju Ruparelia as their new CEO. Ruparelia, a seasoned business growth and transformation expert, takes the reins from Mike Hagbeck, the Group’s co-founder and CEO. Hagbeck now moves to a Non-Executive Chairman role, utilizing his extensive experience to guide long-term strategy…