by adowney | Jun 18, 2018 | City Guides
If you’ve just moved to Cincinnati and are hoping to complete a few home improvement projects on your new property, there are a few things you need to keep in mind. Some home improvement projects require permits and planning permission, so it’s a good idea to check...
by adowney | Jun 18, 2018 | City Guides
Whether you’ve been planning a move here for years or if you’re just starting to consider it as an option, Albuquerque is a fantastic and vibrant choice of cities for relocation. Referred to as “the Burque” by residents, or ABQ for short, this largest city in New...
by adowney | Jun 18, 2018 | City Guides
Baltimore is a sprawling and vibrant city full of both urban and suburban developments. If you’ve chosen to move to the Charm City, you’re in luck: with over 200 neighborhoods and a huge variety of home types to choose from, there is something for everyone in this...
by adowney | Jun 18, 2018 | City Guides, Nashville, TN
If you’ve just moved to the Nashville area, it looks like you’ve made an excellent choice. According to the U.S. News, the Music City is number 13 on the list of Best Places to Live this year. With a bustling music scene, trendy downtown, and plenty of beautiful...
by adowney | Jun 5, 2018 | Investment, News
Houston, TX-based commercial real estate giant Hines Interests LP, known primarily for its office and mixed-use projects, is jumping into the self-storage business. Hines already has three self-storage projects underway in the Phoenix, AZ, metro area — one each in...
by adowney | May 25, 2018 | Investment, News
Shopping malls and other retail centers might be on shaky ground these days, but the ground at some of those developments is becoming valuable territory for self-storage. Chattanooga, TN-based mall owner CBL Properties Inc. (NYSE: CBL) is tapping into the potential of...
by adowney | May 15, 2018 | Development, News
These days, it feels like the self-storage supply in Denver, CO, is at least a mile high. And that could lead to a rocky future for self-storage operators and developers in the region. Two recent reports shed light on just how much the self-storage presence has...
by adowney | May 7, 2018 | News, Public Companies
While other self-storage REITs have been relatively quiet this year on the acquisition front, National Storage Affiliates Trust has been making plenty of noise. This year, the REIT expects to spend as much as $600 million on acquisitions. “At this time, we believe...
by adowney | Apr 30, 2018 | News, Public Companies
The competition is stiffer, but CubeSmart’s outlook just got a little rosier. The publicly traded storage company has sketched out a slightly more optimistic outlook for its financial performance in 2018. In an April 27 earnings call with Wall Street analysts,...
by adowney | Apr 27, 2018 | Investment, News
Dozens of Sears and Toys R Us stores recently have hit the real estate market amid the continuing upheaval in bricks-and-mortar retail, and some of those locations might gain new life as self-storage facilities. Sixteen Sears stores are being auctioned online May 1,...
by adowney | Apr 18, 2018 | News
The Raleigh, NC, metro area sits in the bull’s-eye when it comes to self-storage growth among the country’s major regions. But how sustainable is the self-storage boom in Raleigh? The Raleigh area will see a 23.1 percent jump in self-storage supply, according to STR...
by adowney | Apr 3, 2018 | City Guides
Every corner you turn in Charleston, SC reveals part of the city’s storied charm. Moss-draped trees, pristine beaches, cobblestone streets, a steeple-studded skyline — those of us lucky enough to call the Holy City home could sing Her praises all day long. And,...
by adowney | Mar 26, 2018 | Investment, News
From 2009 to 2016, Austin, TX-based Virtus Real Estate Capital LLC went on a self-storage buying spree. During that period, the firm spent $191 million to scoop up 61 self-storage facilities in the U.S., with seven of those properties being bought in partnership with...
by adowney | Mar 19, 2018 | News, Public Companies
It isn’t just new supply dragging down growth in the self-storage sector. Rising property taxes continue to eat up a considerable piece of the budget pie at publicly traded self-storage REITs. In fact, just three of the REITs collectively paid about $290 million in...
by adowney | Feb 26, 2018 | News, Public Companies
Extra Space Storage is revving up its third-party management engine, undeterred by rival Public Storage’s plan to make a hard run at the business. In 2017, Salt Lake City, UT-based Extra Space brought 156 facilities into its program for managing properties on behalf...
by adowney | Feb 23, 2018 | News, Public Companies
They say everything’s bigger in Texas. For self-storage REIT Life Storage Inc., that translates into bigger competitive challenges in 2018 and 2019 in its four big Texas markets — Austin, Dallas, Houston and San Antonio. During a Feb. 22 call with Wall Street...
