United-Hampshire US REIT hopes to tap into strong investor appetite and a lucrative market for REITs in Asia with its recent public offering on the Singapore Exchange. But first, it might have to weather some COVID-19 related turbulence. United-Hampshire (traded under the symbol OBDU) became the sixth U.S. REIT to list on the Singapore Exchange…
Cushman & Wakefield’s Self-Storage Advisory Group is coming off a busy year, brokering $412 million in property sales nationally. The SpareFoot Storage Beat recently spoke with Mike Mele, vice chairman and group lead to hear about what drove that growth, as well as his views on what’s ahead for the self-storage investment market in 2020….
The latest industry data suggests that new supply is creating some strong crosswinds that could hinder the self-storage industry – at least in the near term. Although last year likely represented the peak in construction activity for this cycle, there is still a robust pipeline of projects still in the works. “Rather than a peak…
Is the self-storage industry ready for blockchain technology? Texas-based Pinnacle Storage Properties is betting that it is. The owner-operator is both a founding partner and one of the first sponsors to commit to listing its assets on the Earn.re fundraising platform, which is set to debut later this fall. Like many growing companies, Pinnacle Storage…
Las Vegas-based Crystal View Capital is making a bigger move into the self-storage industry with its latest private equity fund, Crystal View Capital Fund II. The $35 million fund is focused exclusively on buying self-storage and manufactured home properties across the Western U.S. To date, 60 percent of its growing portfolio is comprised of self-storage…
While institutions are dominating investment in larger metros, private investors are quietly fueling sales activity in smaller tertiary markets where pricing is more attractive and yields are higher. Smaller metros have always provided a strong foundation of transaction activity in the self-storage sector, and there continues to be a lot of sales velocity in these…
The record high levels of new supply delivered to the self-storage market last year don’t appear to be diminishing buyer appetite. According to Real Capital Analytics, transaction volume jumped to $6.16 billion last year. Even excluding a $1.3 billion entity level transaction, sales were up about 15 percent year-over-year. Development and how that supply is…
Wasatch Storage Partners may be a new name in the self-storage development and investment sector. However, its leadership from two industry veterans – along with capital from a private equity group – is helping to fuel a national expansion. The Utah-based firm has been on a growth track ever since acquiring its first land parcel…
Last year brought big changes to U.S. tax law, due to the passage of the Tax Cuts & Jobs Act. Now that the 2018 tax year is behind us, we checked in with tax experts to find out how self-storage operators can maximize their upcoming tax deductions and make strategic decisions for 2019. Bonus depreciation…
The self-storage industry is still in the early adopter stage when it comes to rooftop solar. But that interest is growing along with a stronger financial case for adding the renewable energy source. Major REITs such as Extra Space Storage, CubeSmart and the non-traded Strategic Storage Trust, have all introduced rooftop solar within their portfolios….
