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….
While researching self-storage facilities as an investment, you may have come across the idea that they tend to show resistance to recessions and economic slowdowns when compared with other commercial real estate investments. Let’s take a look at what makes self-storage an attractive option for real estate investors who may be searching for ways to…
In April, self-storage industry veteran Ben Carr joined self-storage owner and developer MCSS Development & Investment LLC as president. Six months later, in October, Carr has grabbed a new opportunity as president and chief investment officer at self-storage owner and developer Go Store It. In his new positions, Carr will manage Go Store It’s investment…
Here is a modern twist of a myth told long ago. Daedalus had a son named Icarus. They were both imprisoned in a tower by King Minos. Daedalus, a skilled craftsman by trade, crafted two sets of wings. One for himself and one for his son, Icarus. The wings were fastened with wax and glue,…
A real estate investment firm in Southern California has brought aboard a self-storage industry veteran to lead the formation of a storage portfolio comprising at least 100 facilities. James Hanrahan, former managing partner of Orange, CA-based RHW Capital Management Group LLC and former partner of RHW’s Store Here Self Storage Management LLC, recently joined The…
As a marketer, business development executive, public speaker and author, Tron Jordheim has witnessed a lot during his nearly 20 years in the self-storage industry. Jordheim’s latest venture in self-storage: He and Store Here Self Storage recently formed Self Storage Strategies, a consulting firm serving independent self-storage owners, operators and investors. The SpareFoot Storage Beat…
What does the rest of the year hold for the self-storage sector? To answer the question we checked in with JLL Managing Director Brian Somoza. He co-leads the national self-storage real estate brokerage team at JLL with Steve Mellon, with Mellon based in Houston and Somoza out of Los Angeles. Somoza specializes in investment sales,…
From my home office in Lincoln, Nebraska, and with apologies to David Letterman, I bring you the top ten things your lender wants to make sure you know for the most positive transaction experience possible. 10. Verify your credit ahead of time. “Get your credit report from a legitimate site like freecreditreport.com or directly from…
Earlier this year my storage facility in Anchorage Alaska took the unfortunate brunt of a mudslide that caused extensive damage to my buildings and required a large number of repairs. The cause of the mud slide was a water main break in the condominium complex adjacent to my property. The break caused tens of thousands…
From my home office in Lincoln, Nebraska, and with apologies to David Letterman, I bring you the top ten things your broker wants to make sure you know for the most positive transaction experience possible. 10. Think about the big picture ahead of time. “Before engaging in the process, analyze what potential returns you might…
