Federal Reserve building with twenty dollar bill on grunge texture Federal Reserve building with twenty dollar bill on grunge texture

Self-storage property owners and investors have enjoyed a long run-of historically low interest rates. Recent Fed hikes, along with views that there are more increases ahead, have kicked off a fresh wave of refinancing activity. “We’re seeing more activity now because everyone is concerned about where rates are going,” said Michael Balan, a vice president…

Metal survey peg with red flag on construction site Metal survey peg with red flag on construction site

As more and more retailers find themselves retreating from brick-and-mortar spaces, self-storage developers are seizing the opportunity to build facilities in prime locations. Supermarkets, office supply, discounters and furniture stores are just a few of the empty big box stores that are getting a second chance as self-storage facilities. Meanwhile developers are bidding up prices…

reits reits

Storage REITs are finding that “good” may not be good enough to entice investors. The publicly traded storage REITs continue to outperform their REIT industry peers, but investor interest shows signs of cooling along with expectations of slower growth ahead. “Overall, the self-storage industry looks healthy,” said Brad Schwer, an equity analyst at Morningstar in…